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as windows, doors, siding and roofs. It could be very difficult to make these improvements without significant up from investment by each individual owner. . One concept to assist in helping to finance these improvements is the establishment of housing improvement district. Under a housing improvement district the City can provide the up front dollars needed to make the common area improvements and charge the cost plus interest and administration fees back to the individual property owners over a period of years as part of their annual taxes. This is similar to a tax assessment. One request under this type of program from even a small townhome of condo project in Roseville could deplete the existing housing fund. Dollars from an HRA levy could be used to finance these up front costs that would be paid back over time. . There are approximately 1,900 townhome and condominium units in the City of Roseville. 44 percent of the units are over 30 years old. Many of these units have done some level of remodeling. However, over 28 percent (12 percent of the total) have not made improvements since 1980. These townhome complexes most likely will need to make improvements to maintain their value over the next 5 years. g. Provide a long term funding source for Roseville's revolving loan program . Since 2000, the City has been providing a low interest revolving loan for home improvements. Eventually, this program will become self supporting as repayments are collected. However, it is estimated that is will take at least 5 years for payments on loans with terms of 8— 10 years to become revolving. . Currently, there are 47 loans issued in the amount of $397,000. The loans have generated over $600,000 in housing improvements in the community. h. Provide a source of funds to assist severely distressed properties where code related items become a health and safety issue and hindrance to neighborhood property aesthetics and value. . Over the past several years Roseville has been involved in initiating the renovation of several distressed properties. The deficiencies are not being resolved by the properiy owner. Therefore, the abatement process or a grant from the housing fund is provided. These cases are very costly and time consuming. On average, staff spends a minimum of 100 hours and many times in excess of 300 hours on one case. The resolution can be done through the abatement process, whereby the City makes the corrections needed and charges the property owner through the property taxes. However, as in the 1661 Stanbridge case, over $35,000 was expensed to make the improvements necessary and an additional $10,000 in staff and attorney fees were incurred. This cost becomes an