2004-08-17_Agenda - Laserfiche WebLink

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5.First Time Buyer – This is one of the most significant programs that the HRA has undertaken since its inception with the purchase of the lots at Applewood. With the interest in these homes the program is sure to be a great success and an excellent method to bring new families into the community. There could be other potential properties that may become available in the next year where the HRA (with the City and School District support) could purchase and build more of these first time buyer homes. If the HRA is interested in expanding this program, additional funds should be budgeted. Also, the senior housing regeneration program through the GMHC has been very successful in Roseville to address the first time homebuyer need. The pilot program did not require City and/or HRA funds. However, to continue to purchase additional homes in Roseville, the HRA should provide some funding to GMHC for the continuation of this program. Staff is suggesting that with the maximum levy request, the HRA could fund one to two projects of this kind in 2004 to facilitate new first time buyer opportunities. If only the ½ levy amount is approved by the Council, this program would only be able to provide limited resources to first time buyer efforts. Estimated Final Program Expenditure 2004 $57,500 2005 Suggested Budget Amount: $92,200 (full levy request option only) Can Federal Funds be Used Yes, partially Neighborhood Enhancement 6. – This program has not been fully implemented due to limited funded. The premise of the program is to promote resident participation, unity and pride in all neighborhood blocks by taking an active role in improving the quality of life within the City. The program would provide the framework to engage residents in being good neighbors, contract for joint services and improvements and provide more formal communication with the City to reduce neighborhood decay. Two programs that are tentatively funded out of this program is the “Border & Buffers” and “Home & Garden Award” program. The Border & Buffer program provides funds to resolve land use inconsistencies and code deficiencies. Each project is evaluated on a case by case basis. Many times issues are more easily and cost effectively resolved by the City instead of the homeowner and/or business. The Home & Garden Award program concept was introduced in 2003 to provide civic pride and recognition to outstanding landscaping and home improvement projects. The program was suggested by the City Council. Currently, a list of interested volunteers is being collected and some appropriation of funds may be requested by this volunteer group. However, staff is not suggesting that the HRA administer this program due to limited funds and staffing and there are other higher priority programs. Estimated Final Program Expenditure 2004 $10,000 2005 Suggested Budget Amount: $10,000 (partial levy request option) Can Federal Funds be Used No HRA Budget Hearing & Levy Request - Page 4 of 9