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Multi family Rehab <br /> – Roseville multifamily complexes are aging at a rapid pace and <br />there are strong signs of deferred maintenance. Assisting in the renovation and or/ <br />purchase and rehab of even one small complex in Roseville would be costly. There is <br />not sufficient budget amount currently to tackle the multifamily issues. Staff is currently <br />reviewing the establishment of housing improvement areas for two separate owner <br />occupied complexes. This type of program would take upfront funds to finance with <br />payback over a period of years. Currently, there are very limited funds to apply to this <br />type of a program. In 2004 the HRA requested the full levy ($495,000) to help build <br />adequate funds to finance multi family renovation. The Council reduced the request to <br />$200,000 limit. The HRA decided to reduce the budget for this program due to the <br />reduced levy amount. With the finalization of the Multi Family study in July or August, <br />the HRA and Council should have the data to show the declining values and maintenance <br />of the multifamily sector of the community. This may provide the needed data to support <br />an increase the levy amount in future years. <br />In addition to the renovation of the multifamily sector there has been some discussion at <br />Housing Maintenance Code and/or Rental <br />the Council level over the years about a <br />Licensing Programhousing maintenance code <br />. The would target maintenance issues <br />of owner occupied and rental properties for mostly the exterior condition of the home. <br />Rental Licensing Program <br />The would address code deficiencies for single family and <br />multi family rental properties though an interior inspection. To implement either <br />program, the Council would be the authorizing authority to adopt an ordinance. <br />However, it is likely that the HRA would administer the program and help to pay for the <br />additional staff that would be needed for the inspections. It is estimated that one to two <br />new inspection staff would be required and one administrative staff for an estimated <br />If the Council and HRA are <br />annual program cost between $120,000 - $150,000. <br />supportive of these programs, additional budgeted and levy funds would be <br />required <br />. <br />Ownership Rehab <br /> – Currently the ownership rehab program provide rehab funds for the <br />ownership loan program, the services of the HRC, renovation plan books, marketing and <br />housing redesign grants. The HRC fee may be increased slightly due to inflation. The <br />ownership rehab program will become more popular as interest rates begin to rise. In <br />addition, there could be a need to increase the $10,000 maximum loan amount as home <br />renovation costs continue to rise. If the HRA would like to expand any of these <br />programs, a budget increase would be necessary. Otherwise a slight increase would be <br />sufficient. <br />First Time Buyer <br />– This is one of the most significant programs that the HRA has <br />undertaken since its inception with the purchase of the lots at Applewood. With the <br />interest in the home, this program is sure to be a great success and an excellent method to <br />bring new families into the community. There are other potential properties that may <br />become available in the next year where the HRA could purchase and build more of <br />these first time buyer homes. If the HRA is interested in expanding this program, <br />additional funds should be budgeted. Also, the senior housing regeneration program <br />through the GMHC has been very successful in Roseville to address the first time <br /> HRA Budget Discussion - Page 2 of 4 <br /> <br />