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During 2000 approximately $153,000 was spent on housing programs and loans, <br />leveraging 4 to 5 times those dollars with outside funds. In addition, approximately <br />$90,000 from the housing fund was expensed due to the removal of the activity center <br />which will be recaptured upon redevelopment of the site. Because of the self supporting <br />nature of some of the City loans and programs, and the leveraging of dollars from other <br />funds, the total housing fund continues to have a balance of approximately $740,000 <br />distributed among the various programs as outlined in the Housing Improvement Plan. In <br />future years, as demands on the fund increase, additional revenue sources will be <br />necessary. <br />4.0 Staff Recommendation. <br />Staff recommends approval of the revised Roseville Housing Improvement Plan. <br />5.0 Suggested Council Action. <br />By motion, adopt the Roseville Housing Improvement Plan for 200 1 as amended. <br />Prepared by: Cathy Bennett, 490-2241 <br />Attachments: Amended Housing Improvement Plan for 2001, Summary of Housing Programs. <br />Q:\Housing\Housing Policy RCA I-8-Ol .doc <br />RCA — RHIP 01/08/01- Page 2 of 2 <br />