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been the single most effective program over the past three years for the residents of <br />Roseville) and the administration of other programs. If additional levy funds are not <br />provided in future years, the services of the HRC and other existing programs would need <br />to be reevaluated. In addition, new programming to address code deficiencies, multi <br />family exterior improvements and stimulate townhome and condo improvements will be <br />If no new funding source is provided the <br />impossible without new sources of funding. <br />abilities and effectiveness of the HRA would be severely curtailed and there would <br />be a higher risk of neighborhood blight and decay in the community. <br />3.2An HRA levy is important to help supplement and capitalize on existing housing <br />programs. <br />By having a dedicated stream of funds for housing, an HRA can add to and take <br />advantage of the existing City housing programs without depleting the limited fund <br />balance. This provides a more stable level of housing support for the community now <br />and into the future. <br />The levy would provide the necessary funds to continue to provide housing services such <br />as the HousingResource Center, housing loans, cleaning up distressed properties, <br />studying demographic trends, developing first time buyer options and building a fund to <br />tackle the most severe multi family issues. In a time when state resources are reducing, <br />local communities must take a more active role in assuring that adequate resources are <br />provided to achieve the same level of service and reinvestment. This relatively small <br />cost to the taxpayer would provide that reinvestment into the community to ensure that <br />housing values are stable and neighborhoods remain strong. <br />HRA Suggested Next Steps <br />4.0 <br />4.1Staff is requesting that the HRA members review the housing programs identified above <br />and be prepared to comment on its continuation and expansion in 2005. In addition, the <br />HRA should evaluate what other new initiatives they would like to see implemented in <br />2005 and beyond keeping in mind that the multifamily renovation will be a large <br />financial undertaking. <br />4.2This discussion will help staff in preparing a draft budget for review in July and identify <br />the needed level of levy request. <br />Attachments: <br /> 2004 Budget Adopted. <br />Prepared by: Cathy Bennett (651-792-7072) <br /> HRA Budget Discussion - Page 4 of 4 <br /> <br />