2005-11-15_Agenda - Laserfiche WebLink

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Encourage the Planning Commission to evaluate the benefits and drawbacks of reducing the existing required lot size (subdivisions) to allow for more affordable small lot single family infill development. No budget impact existing housing and develop new housing 1.2Preserve in partnership with federal, state and regional agencies and non-profit community groups and private sector development partners. Benchmark: Reach at least 30% of the Roseville residents through the ongoing implementation of HRA housing programs and policies. Owner Occupied Renovation Programs: Annually enhance and encourage remodeling through the following programs: Housing Resource Center – Contracted service for Roseville residents that provides free technical construction management and financial assistance and administers HRA, County and State loan programs. Services include assistance on building evaluations, city code and permit process, scope of work, construction cost information, construction bid process, evaluation of submitted bids, monitor construction process and purchase counseling. Annual HRA Fee – Budget for 2006 - $35,000.Goal is to increase residential participation in the Housing Resource Center by 10%. HRA Owner Occupied Loan Program - low or deferred interest loan up to $10,000 or not more than 50 % of home improvements. The Program is intended for use where gaps exist within other loan programs and can be used for demolition if certain criteria are met. The loans are serviced by the Housing Resource Center which is contracted by the HRA to provide more flexibility and ease to residents.Budget impact 2006 - $50,000 set aside if fund balance reduces below zero. May be an opportunity to borrow against existing receivables of $490,000. Goal is to increase number of loans by 5% and review ways to capitalize on loan pool funds for other projects. HRA Family Ownership Loan Program – low interest loan up to $25,000 for home improvements. The Program targets families with a household of two or more and at least one member under the age of 16. In addition, the household must have income at or below 120% of the current median household income. The Program was created in 2005 to support and encourage new families to remain and move to Roseville and make the necessary housing improvements needed for a family thus strengthening neighborhood balance and area schools. Budget impact 2006 - $50,000 if fund balance reduces to zero which is very unlikely since the program was implemented in 2005 with a $250,000 investment by the RHRA.Goal is to Increase number of loans by 5% .