2008-07-15_Agenda - Laserfiche WebLink

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7. Public Hearing None. 8. Speaker - Sustainable Aome Ownership Program {SHOP} Chuck Evans and Gary Beatty from the Greater Metropolitan Housing Corporation (GMHC) made a presentatian to the board about the Sustainable Hame Ownership Program (SHOP). Mr. Evans and Mr. Beatty exp�ained that SHOF is a non-profit mortgage broker providing services to families to support home ownership. Mr. Beatty explained that the pragram focuses on early foreclosure intervention, repopularion of depressed areas, and financial education ]eading to a home purchase. 9. Aetiuq/Discussion Iiems: a. Discuss 20Q9 Budget Mr. Trudgeon introduced a discussion of the 2009 budget, noting that staff wil3 convene the HRA Finance Subcommittee, which consists of Members Masche, Maschka and Chair Majerus, so that the subcommittee can bring the preliminary HRA budget to the HRA meeting in Ju�y. Mr. Trudgeon explained that the City Counci] will begin budget discussions in August and will adopt a preliminary budget in Sepietn�er, Member EIkins expressed concerr� about the maintenance of vacant, foreclosed properties. Member Elkins suggested the HRA explore offering an incentive such as down payment assistance ta buyers of foreclosed homes as a way to pre�ent those properties from sitting vacant. Ms. Kelsey wonc3ered if a sofi secand mortgage would work in such cases, so that the HRA could recapture those funds for a revolving prob�-am. Ms. Elkins wandered i�a forgivable grant would bett�r serve the community in this instance. Member Tracy noted that, in �is experience as a real estate agent, he hasn't seen many foreclosed properties in disrepair ar neglect, as banks are careful ta winterize and secure such properties. Member Tracy wondered if buyers of foreclased properties need an additional incentive to buy such properties as they are typically offered for sale at a large discount. Member Pust advanced her opinion that the City refrain from buying foreclosed homes, rehabiiitating those homes and offering them for sale, in Iight of the cun•ent housing market. Member Pust reminded staff that the City Council wil] take a careful ]ook at the HRA bud�et as the state legislature has capped ]ocal government levy inereases at 3.4% b. Brenner Redesigt� Application Ms. Kelsey presented the application for the Housing Redesign Program at 2447 Brenner Ave. Ms. Kelsey noted that the Rosevil3e Development Review Committee {DRC) reviewed the application, eligib�lity criteria checklist and renovation plan and concluded that the pro}ect prequalified for reimbursement of t��e design fees up to $3,000 for the renovation work. Member Pust pointed out that one of the applicants, Jen Jackson Miliasovich, is a memher of the Housing & Redevelopment Authority and as such, Member Millasavich waszld a�stain fram the vote on this item. Member Pust asked Mr. Tt-udgeon ta address the issue of conflict of interest in this matter. Mr. Trudgean indicaied that the application was given a thorough review and the applicant was treated like any other appIicant.