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• Even with the $234,Q00 HRA levy, itwill be very difficult to fund any new programs related to <br />the needed Multi-FamilyRenovation, Rental Licensingand expansion of FirstTime Home <br />Buyer programs. Only the existing programswould befully funded. <br />r� <br />To continue to provide consistent and ongoing housing programs and implement new <br />initiatives- a dedicatedfundin� source must be provided. The proposed2005 levy of <br />$234,000 helpsto cover participation inthe Housing Resource Center (which has beenthe <br />single most effective program overthe pastthree years for the residents of Roseville) arid the <br />administration cf otherexisting programs. As shown in the HRA budget, if additional levy <br />funds are not provided in future years, the services of the HRC and other existing programs <br />would needtobe reevaluated. Ifthe HRAlevy is notsupportedthe housing programsof <br />the City will be curtailed and therewould be a higher risk of neighborhood blight and <br />decay in the community. From city staffexperience, allowing neighborhood and <br />housing improvementsto remain "status quo" (no proactive, deliberate actions and <br />incentives), housingvalues and neighborhoodsbegin to deGine. On theflip side, if <br />homeownersare making improvementsto the home, it creates a"ripple effect" and <br />their neighborstend to make improvementstoo. Havingfunds that encourage home <br />improvement helpsto generate this "ripple effect". <br />What impactwill the HRA Levy have on Roseville residents? <br />The housing l evy does impact the taxpayer's property taxes. However, the increase should be <br />viewed as a small investment into the communityto help ensurethat property and <br />neighborhoods are being protected from blightwhich in tum creates decrease values, lost <br />equity and potentially increased crime. Not all residents are responsible land owners either <br />because they do not have the desire or capacity. This has a direct affect upon those property <br />owners that are responsible. The levy funds would be used to improve property and address <br />areas that are experiencing deferred maintenance. <br />An HRA levyof $234,000would costthe average homeownerapproximately$13.50 peryear <br />($1.13 per month) independentof all other offsetting factors. In addition, the HRA levy still <br />qualifies for the State HomesteadTax Credit. This means that the State picks up a <br />portion of the total levy amount (approximately $12,000 was received i n 2004) which <br />reducesthe taxpayers burden by that amount. The general city levy is no longereligible <br />for this credit. <br />Estimated Market # of <br />Value -2004 total <br />unft� <br />L�ss #I�ar� �7 �4,�00 65� <br />$7� �7T - �1�Q,�0 �d$ <br />$13Q,� T - �1 ��,�0 �,1�r <br />$1��,001 - ��0,��0 <br />��,�01 - 3300,�OQ <br />$3'�,�01 • ���,�00 <br />�f ���,��� <br />� Page 2 <br />� ,�� <br />�.1 �� <br />� <br />�� <br />% of <br />total <br />��� <br />6.�9°� <br />3.�9°�O <br />20.��°� <br />3�.�4°�6 <br />�4.88°�6 <br />6.33°�6 <br />� 7�� <br />Estimated Estimated <br />Annual Levy Monthly Increase <br />�4rnour�t i in Taxea <br />��.2� • $0.�0 <br />$7,�� ��. �0 � - �D �B <br />3�.3�6 - �1 �.�� f - - � 7� - � 1 �� <br />6'I �_�� - �14.�0 ��.� - �y .�� <br />���.4� � �t.�0 $1.�0 - �1.�Q <br />�1.t�[[}-�36.�0 ��.� - � �' <br />} <br />���f �3G.�� �e� �� �1 <br />