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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />HRA Meeting <br />Minutes — Tuesday, March 31, 2009 <br />Page 4 <br />Commissioner Tracy suggested that the HRA consider funding incentives related to the $8,000 <br />down payment assistance for first-time homebuyer funding and taY credits to encourage their <br />moving to Roseville. <br />Discussion included criteria for such a program; how to structure such an incentive; <br />implicarions with FHA financing, how to collateralize and monitor such a program; income <br />levels; outlying problems; and consensus by commissioners that the concept sounds good, but <br />further information was needed to determine how to make it fair and equitable, in addirion to a <br />good program for the City overalL <br />Chair Maschka requested that Commissioner Elkins seek additional inform��ion through her <br />contacts with the Minnesota Housing Financing Agency (NIHFA), coordi ��'�' Ms. Kelsey <br />and report back to the full HRA to determine if the HRA should pursu�;�tich on further <br />based on that addirional information. �_ <br />Ms. Kelsey advised that she would also run the concept thro���e attorney to detz�ne if <br />there were other issues or impacts to the City's other loan p,��grams. Ms. Kelsey ad�v,,�ed that <br />that if the concept were pursued, funding would need to �e taken m current loan programs <br />and would reduce availability of funds in those pro� s acco y, as no other funding <br />sources had been identified at this rime. »>� <br />12. Future Agenda Items " <br />Staff advised that this secrion of the agenda had been created to allo � <br />topics on upcoming agendas, and allowing for an opporiunity for them to <br />or related materials prior to tl�at discussion. St ed individual-�t <br />Maschka of those requests and he would in turn': �" � ` u <br />a. Rental Registration Program <br />b. Multi-Family HRA Involvement <br />c. Summer Neighborhood Enhancement <br />d. Quarterly Finance Updat�: <br />13. Adjournment <br />The meeting was ad��ed at <br />6 p.m. <br />Regular Meeting: Apri121, 2009 <br />ioners to be aware of <br />any additional details <br />ioners to advise Chair <br />