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of $200,000 helps to cover participation in the Housing Resource Center (which has been the single most effective program over the past three years for the residents of Roseville reaching over 1,100 residents) and the administration of other programs. As shown in the draft budget, if additional levy funds are not provided in future years, the services of the HRC and other existing programs would need to be reevaluated. In addition, new programming to address code deficiencies, multi family exterior improvements and stimulate townhome and condo improvements will be impossible without new sources of If no new funding source is provided the abilities and effectiveness of the funding. HRA will be curtailed and there would be a higher risk of neighborhood blight and decay in the community. From city staff experience, allowing neighborhood and housing improvements to remain “status quo” (no proactive, deliberate actions and incentives), housing values and neighborhoods begin to decline. On the flip side, if homeowners are making improvements to the home, it creates a “ripple effect” and their neighbors tend to make improvements too. 3.2An HRA levy is important to help supplement and capitalize on existing housing programs. By having a dedicated stream of funds for housing, an HRA can add to and take advantage of the existing City housing programs without depleting the limited fund balance. A dedicated funding stream provides a more stable level of housing support for the community now and into the future. The levy would provide the necessary funds to continue to provide housing services such as the Housing Resource Center, housing loans, cleaning up distressed properties, studying demographic trends, developing first time buyer options and building a fund to tackle the most severe multi family issues. In a time when state and federal resources are declining, local communities must take a more active role in assuring that adequate resources are provided to achieve the same level of housing and neighborhood service and reinvestment. This relatively small cost to the taxpayer would provide that reinvestment into the community to ensure that housing values are stable and neighborhoods remain strong. (see chart below) A summary of how an HRA levy would affect various Roseville homeowners is shown below based upon a range of assessed market values for single family homes including town homes. Estimated Market # of total % of EstimatedEst. Monthly ValueunitstotalAnnual Levy Increase in Ramsey County unitsAmountTaxes Less than $100,000 130 1.38% $14.40 $1.20 $100,001 - $130,000 354 3.75% $14.40 - $18.72 $1.20 - $1.56 $130,001 - $170,000 3,697 39.20% $18.72 - $24.48 $1.56 - $2.04 $170,001 - $200,000 2,392 25.37% $24.48 - $28.80 $2.04 - $2.40 $200,001 - $300,000 2,284 24.22% $28.80 - $43.20 $2.40 - $3.60 $300,001 - $500,000 502 5.32% $43.20 - $72.00 $3.60 - $6.00 Over $500,000 71 0.75% $72 and above Over $6.00 HRA Budget Discussion - Page 6 of 7