2008-06-17_Agenda - Laserfiche WebLink

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7. Public Hearing None. 8. Action Items: a. Discuss RHRA Program Evaluation Ms. Kelsey led the discussion on the remaining RHRA programs not reviewed by the board at its previous meetings. Ms. Kelsey explained that the recommended program modifications are in keeping with the goals of the RHRA Strategic Plan. Ms. Kelsey introduced the first program for discussion, the Senior Housing Regeneration Program (SHRP) which is a program of the Greater Metropolitan Housing Corporation (GMHC). Mr. Trudgeon provided the board with the SHRP brochure which is available at City Ha1L Ms. Kelsey noted that the RHRA did not include funding for this program in its 2008 budget and that staff was not currently recommending any funding changes. Ms. Kelsey indicated that GMHC will continue to offer SHRP to Roseville residents but may have to limit the number of homes due to lack of financial involvement by the RHRA. Member Masche wondered how Roseville's participation in the program compared to other cities. Ms. Kelsey indicated that staff will work to obtain that information. Member Elkins opined that SHRP was a great program for the community and was pleased that GMHC will continue to offer the program in Roseville without financial support from the RHRA. Chair Majerus noted that the RHRA is willing to revisit the issue in the future and direct funds to SHRP, if the need arises. Ms. Kelsey introduced the second program for discussion, the Multi-family Rehab Program. Ms. Kelsey summarized the Multi-family Housing Report which was commissioned by the RHRA and completed in October 2004. Ms. Kelsey noted that the RHRA has allocated funds to address deteriorating multi-family buildings. Ms. Kelsey suggested that the RHRA work with the Roseville Police Department and the Crime Free Multi-Family Association to provide assistance to property owners for exterior and interior improvements which address design-related issues that contribute to crime. Ms. Kelsey indicated that federal funds can be combined with bond financing and Housing Tax Credits to complete a substantial rehabilitation of a multi-family complex. Ms. Kelsey noted that this option involves monitoring requirements which add to the total cost of the project. Ms. Kelsey indicated that, based upon the limited financing that is available, Roseville would most likely be able to complete one project approximately every 3-5 years using this type of funding. Ms. Kelsey summarized staff recommendations for the Multi-family Rehab Program: that the RHRA provide funding assistance to owners of buildings in which 51% or more residents earn less than 80% of the Area Median Income (AMI), that the RHRA require loan recipients to become members of the Crime Free Multi-Family Association and that the RHRA incorporate a green construction element into the program. Ms. Kelsey noted that these recommendations would allow the RHRA to parallel financing programs from other sources so that projects can best utilize all funding options. Ms. Kelsey indicated that staff recommended that the RHRA increase the funds allocated in the 2008 budget to multi-family rehabilitation from $169,250 to $216,250. Ms. Kelsey explained that the additional funds would come from the proceeds of the sale of a home at Applewood Pointe on which the RHRA held a second mortgage. Member Elkins inquired after the number of apartment buildings in Roseville (90). Member Masche spoke in support of adding funds to the Multi-family Rehab Program to address the deterioration of Roseville's aging multi-family housing stock.