Laserfiche WebLink
<br />City of Roseville HRA <br />HIA Survey Summary <br /> <br />Distributed to the membership of the Minnesota Chapter of the American Planning Association <br />Survey Responses: 23 <br /> <br /> <br />Dear MN Planner/Housing Professional: <br /> <br />The City of Roseville & the Roseville HRA is in the process of eval uating the use of the <br />public financing tool provided by MN State Statute 428A.11 called a Housing <br />Improvement Area (HIA). The City Counc il has asked if other suburban communities <br />have used this tool effectivel y and/or have chosen not to use the program as a method to <br />encourage improvement of older townhome and condominium common area repairs. <br /> <br /> <br />1. Has your community approved a HIA? Yes (3 Responses) <br /> No (20 Responses) <br /> <br />Three of our survey respondents are from ci ties that have implemented an HIA. <br />Those cities are St. Louis Park, Eagan and Plymouth. <br /> <br />2. If yes, <br />a. Do you think it is an effec tive tool? Why or why not. <br />• Eagan’s first district is in the stage between development agreement <br />and construction, so it is too early to draw conclusions about the effect <br />on the long term effect of the improvements on the quality of the <br />neighborhood in which it was approved, but to the point that we have <br />come, it appears to be an effective tool, because it is the only available <br />source of funding we have identifi ed for the improvement of common <br />area property in associations that are not capitalized sufficiently to <br />undertake substantial repair and maintenance. Most private lenders <br />deny large association improvements because the associations do not <br />have separate collateral and the exteriors and common areas have no <br />value separate from the individual units . Another way to put it is that <br />it is the only viable tool we have identified that can be effective. <br />• One of the most effective components is the requirement for assoc to <br />have a reserve study conducted. For some of our associations, this is <br />the first time they did a systematic long term plan for the bldgs and <br />finances. Although only 2 associations to date have completed the <br />whole process, staff has had discussi ons with 8 associations, of which 4 <br />did their first capital and financial long range plans.