2003-07-15_Minutes - Laserfiche WebLink

Home

City of Roseville - Housing & Redevelopment Authority Meeting Minutes for July 15, 20...Page 5 of 6 MHFA representatives, Terry Hanna and David Schluchter made a presentation regarding the single family homes division and the multi family housing programs through the MHFA. Marks asked for a definition of "first time home buyer". Hanna explained it, as a person who has never owned a home but that if someone has not owned a home for a period of 3-4 years, they may also be eligible. Marks also asked for a definition of "affordable". Hanna explained that each program is slightly different. The limit for new homes is $228,000 and for used is $204,000 in the metropolitan area. The MHFA programs mostly serve those with incomes between $30,000 - $50,000. However, there are programs that serve up to 115 percent of median income estimated at $88,000. Kelsey asked how MHFA could work with the HRA on single family housing. The MFHA CASA and CFUF are options to partner and the HRA could also work with other partnering agencies such as Family Housing Fund and Metro Council through the "Super RFP" process.. There are 2 funding cycles per year with $12 million dollars. Kelsey also asked what the interest rate is for the CASA program (6%). Chair Majerus asked how eligible is Roseville HRA to get funding. MHFA noted several opportunities and suggested that the HRA staff meeting with MHFA to discuss alternatives. Scheunmann asked if MHFA is aware of any studies regarding the outcomes of a Point of Sale program. (MHFA did not do such studies). Chair Majerus thanked Terry and David for their presentation. Board Member Reports 10. Chair Majerus noted that member Shirley Jenson has resigned from the HRA. The Mayor with Council approval will need to appoint a replacement member to finish Jenson’s term. Marks reported that he is working with the Parks subcommittee regarding the proposed Stellar Home Program. Marks also pointed out good articles in the Reader regarding "inclusionary housing" policies across the country. Executive Director Report 11. Bennett mentioned that staff was working with Guptil, 185 N. McCarrons, regarding a possible plan for development which will be presented at the HRA August meeting. Bennett mentioned a letter sent on behalf of the HRA in support for the HousingResource Center application for funds from the Super RFP process (MHFA, FHF, Met Council). Bennett pointed out a neighborhood meeting being held on July 22 by the developer regarding Twin Lakes development proposal. Adjourn 12. The regular meeting was adjourned at 9:25 p.m. Return to Housing & Redevelopment Authority Agendas and Minutes http://archive.ci.roseville.mn.us/council/hra/minutes/2003/hram030715.htm3/25/2010