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227 hours of administrative time and 61 hours of executive director time an additional $6,448 should have been allocated to the program (currently absorbed in the administrative cost). This results in a loss of $5,652 to the program. The program has proven to provide a great return and service to the residents of Roseville. It is estimated that the fair serves between 800-1,000 area residents annually. In 2006, outside contracted staffing will be a requirement to manage the program since the as the Roseville Community Development administrative/secretary position that had managed this program is being restructured to a planning assistant position. Staff will review management options and increasing both prices and exhibitor fees but there will still be a $5,000 loss in the program in 2006. 2006 Suggested Budget Amount: $15,675 Ownership Rehab 2. – Currently the Ownership Rehab Program provides rehab funds for the ownership loan program, the services of the Housing Resource Center, renovation plan books, and the housing redesign grants. The HRA approved the allocation of funds to a new loan program in 2005 specifically targeting families with children. That loan program, along with the existing loan program is serviced by the Housing Resource Center and includes an administrative fee. In 2006, the HRA is proposing to continue the services of the Housing Resource Center, allocate funding to the Housing Redesign Program for three projects, and provide some additional funding to the new “families with children” loan program. Keeping these programs represents a reduction in the Ownership Rehab program budget of $166,000 over the 2005 estimate. 2006 Suggested Budget Amount: $165,000 3.First Time Buyer – Even though this program has been a great success with the purchase of the lots at Applewood, the ability to fund another large project will be limited without other public support through grants, increased levy funds, bonding or loans. Most of these other funding sources would require that federal income guidelines be incorporated into the project. Therefore, staff has allocated dollars in 2006 for the first time buyer program to the federal fund (Fund 721) which will provide matching dollars when public grant funding is available. The program is an excellent method to bring new families into the community and should be evaluated on a case by case basis.Some funding in 2006 needs to be allocated to cover the administrative fees associated with future projects that target first time buyers to the area. As an example, if funding is provided to the Senior Housing Regeneration Program (SHRP) through the GMHC, the capital costs can be paid for out of the federal funds (721) and the administrative fee can be paid from this fund (723). Therefore, staff is proposing that $20,500 be allocated for such purpose in 2006 which would cover the administrative fee for the purchase of 3-4 homes under a SHRP program or for other first time buyer ventures. 2006 Suggested Budget Amount: $20,500 Neighborhood Enhancement 4. – The premise of the program is to promote resident and business participation, encourage unity and pride in all neighborhood blocks and reduce code deficiencies within neighborhoods to improve the quality of life within the City. In 2005, the HRA held neighborhood and business meetings to help gain an understanding of the current neighborhood issues. Many possible action steps were proposed and discussed with the City Council. Of high priority are the neighborhood issues associated with the growth in single family rental housing. The HRA staff is proposing that a multifaceted approach be