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City of Roseville Community Development Department Housing & Redevelopment Authority Summary Information Preamble: The City of Roseville developed a Housing Improvement Plan in 1999 which is updated and approved by the City Council on an annual basis. The Housing Plan guides planning and policies related to providing a community rich in housing quality and choices for a11 residents. The main components of the Housing Plan include the Vista 2000 vision and goals and policies of the City's Comprehensive Plan and Livable Communities Action Plan. Each program within the Housing Plan strives to meet the current needs of the community by collaborating with other agencies and filling gaps that might e�st within more traditional housing programs. Since the Housing Plan was adopted in 1995, Roseville has become more proactive in providing programs that meet the needs of the community. These programs do come at a cost but the benefits have been outstanding. In 2001, Roseville spent over $300,000 on housing programs which included a total of $244,417 in City low interest loans that were issued to 30 Roseville residents. This investment generated over $1 million in other public and private contributions to improve Roseville's housing stock, leveraging Roseville's investment of $300,000 over three times with outside funding. With an annual $300,000 investment to continue the level of service that has been provided over the past three years the $800,000 fund will be depleted in less than three years. An additional funding source will be necessary to keep pace with the programs Roseville has provided to maintain a quality housing stock In addition, providing new programs that address large multi family projects will be a challenge with the current level of funding. The following report provides information regarding the establishment of a Housing and Redevelopment Authority. The majority of first ring communities in the metro area and many greater Minnesota communities have or are considering this alternative to help achieve the housing goals and reduce the declining condition of their aging housing stock. 1.0 Summary of Roseville Housing Condition Roseville has over 15,000 housing units. Single family detached homes make up the majority of housing units in Roseville (56%). The second largest housing type is apartments and condominiums, which make up 38% of the units in the City. Town homes are also a major housing type, representing over 5% of the community housing stock.