2008-05-20_Agenda - Laserfiche WebLink

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There is approximately over 3,337 rental units that are not part of an age restricted building. The average number of units in each property is 48 units. We do have a fair number of buildings that are very large and small around 11 units per building. 3.2.2 The RHRA did allocate some funds to address deterioration of Multi- Family Rental Buildings. Staff has been researching existing loan programs that are available for rental properties in order that we may address the gap in programming. In addition RHRA Staff have had discussions with the Crime Free Multi-Family Association and Sarah Mahmud the new Community Relations Officer for the Roseville Police Department in order to further gain insight as to the main problems that need addressing related to crime in our apartment complexes. Some of the main problems that can be addressed through RHRA assistance would be related to theft inside and around the building, vandalism, loitering, energy efficiency of building, exterior and interior updating and any rehab/remodeling work that is needed to the multi-family rental properties in our community. 3.2.3 Some of the financing that is available currently use federal funds from the County or State which require that all work is monitored for Davis Bacon (union wages) requirements. This requirement does add more work to the project as well as cost. Most of the financing available is for buildings that rent to 50%-80% of the area median income. In addition larger complexes in Roseville would most likely take advantage of these programs and combine them with bond financing, along with Housing Tax Credits to do a substantial rehabilitation. Based upon limited financing that is available to use this type of funding Roseville would most likely only be able at to complete one project approximately every 3-5 years. This would also really on property owners that understand and want to have long term affordability reporting criteria on there properties when they use the above funding as well. 3.2.4 Staff would like to have further discussion and consideration from the RHRA on the following items: • Provide funding assistance to building owners that do provide housing to residents that are at 51% or more of the residents that are less than 80% of the Area Median Income. This income limit is $64,720 for a family of four in 2008. Require membership to the Crime Free Multi-Family Association, that meets once a month, in order to continue to have Sarah Mahmud stay engaged with our building owners/manager/caretakers in our community. Currently, for all Roseville Properties that belong to the association Ms. Mahmud prints off a monthly report for the property owners/managers to make them aware of the police calls and crime activity at their buildings. Continued community engagement will help with reducing crime in RHRA Program Evaluation (OS-20-08) -Page 3 of 5