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80's. Out of the 65 apartment complexes in Roseville, the disbursement of funds. <br />85% are more than 30 years old. These complexes <br />represent 4,560 housing units and over 6,000 - Identify properties within the <br />residents. With 27 condominium and townhome City that will qualify for funds. <br />complexes, 33 % are more than 30 years old. These <br />complexes represent 1,646 housing units and 2,600 - Speak with landlords about <br />residents. qualifying criteria and submittal <br />process. <br />- MF O«liership repayment <br />through the creation of Housing <br />ImprovementAreas. Low risk <br />funding with payback of funds <br />assessed through taxes. <br />- MF Rental repayment through <br />equity sharing and/or tax <br />increment financing <br />(housing/redevelopment <br />districts). <br />Senior Housing Regeneration Program - Existing Provide a link between seniors selling their - Modify purchase criteria to Currently no funds available to conh-ibute <br />A senior residenYs home may be purchased as fair single family homes and new families provide additional oversight to program until second mortgages are <br />market value with no realtor fees and free of the interested in purchasing a home. regarding sources and uses of paid. <br />hassles of making needed repairs. funds. <br />Provide a resource for seniors and <br />Home is renovated and resold to a first time opportunities for new families. - Become more actively involved <br />homebuyer with income at or below 80% of AMI. in the marketing of the home <br />Must have a household with at least one occupant through schools, rental residents <br />under the age of 16. and other key markets. <br />Managed & facilitaYed through a contract with <br />GMHC. <br />First Time Homeowner-NEW - Determine if the City wishes to <br />Revolving loans for first time homeowners as well as purchase dilapidated properties <br />loans far the repair of dilapidated or foreclosed for renovation and resale. <br />properties. <br />- Determine if the City wishes to <br />purchase foreclosed properties <br />in order to resell to first time <br />