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program is using program income to support new loans. However, those funds are being <br />spent down and the HRA will need to provide additional loan funds in 2005. The loan <br />program does not serve currently have an income limit so the use of federal funds is not <br />an option. <br />2004 Budget to Date: $35,989 <br />Estimated Final Program Expenditure: $52,844 <br />2005 Suggested Budget Amount: $165,000 <br />Can Federal Funds be Used: No <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 could be other potential properties that <br />may 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 />homebuyer need. The pilot program did not require City and/or HRA funds. However, <br />to continue to purchase additional homes in Roseville, the HRA should provide some <br />funding to GMHC for the continuation of this program. Staff is suggesting that at the <br />maximum levy request, the HRA could fund three more projects of this kind in 2004 to <br />facilitate new first time buyer opportunities. If only $200,000 levy amount is approved <br />by the Council, this program would need to be cut unless the HRA decides to shift <br />program dollars from other programs. <br />2004 Budget to Date: $0 <br />Estimated Final Program Expenditure: $57,500 <br />2005 Suggested Budget Amount: $125,200 (full levy request option only) <br />Can Federal Funds be Used: Yes, partially <br />Neighborhood Enhancement <br /> – This program has not been fully implemented due to <br />limited funded. The premise of the program is to promote resident participation, unity <br />and pride in all neighborhood blocks by taking an active role in improving the quality of <br />life within the City. The program would provide the framework to engage residents in <br />being good neighbors, contract for joint services and improvements and provide more <br />formal communication with the City to reduce neighborhood decay. Two programs that <br />are tentatively funded out of this program is the “Border & Buffers” and “Home & <br />Garden Award” program. The Border & Buffer program provides funds to resolve land <br />use inconsistencies and code deficiencies. Each project is evaluated on a case by case <br />basis. Many times issues are more easily and cost effectively resolved by the City <br />instead of the homeowner and/or business. The Home & Garden Award program <br />concept was introduced in 2003 to provide civic pride and recognition to outstanding <br />landscaping and home improvement projects. The program was suggested by the City <br />Council. Currently, a list of interested volunteers is being collected and some <br />appropriation of funds may be requested by this volunteer group. However, staff is not <br />suggesting that the HRA administer this program due to limited funds and staffing and <br /> HRA Budget Discussion - Page 3 of 7 <br /> <br />