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80% of inedian incomes. This must be proven through income verification. Unless that requirement can be substantiated, the funds are not recommended for use. There are some programs that could use these funds � they meet the income critena such as - first time homebuyer, multifamily renovation and housing replacement program. These funds can not be used for any administrative costs associated with the administration of the HRA or its programs. Expenses: The HRA's housing plan is broken up into 7 main categories. The HRA's budget is categonzed by these programs, plus administration,for ease in correlatingthe use of funds with programs. a. A summary of each specific program and estimated budgets for 2005 are summarized below: Home &� Garden — This program is self sufficient as it brings in as much revenue as expenses and provide a great return and service to the residences of Roseville. It is estimated that the fair serves between 800-1,000 area residents. In 2005, it is proposedthat outside sta�ng will be provided to manage the program. This was accounted for in the budget and staff is confident that enough sponsorship revenue and exhibitor fees will be collected to pay for the staff time. Prior to 2004, the staff time was not paid directly from the program income. 2. Housinq Replacemerrt — An example of this program is the 2012 Eldridge project that the HRA resolved in 2004. This is a particular case where the HRA was proactive in the use of eminent domain for its acquisition and replacement. The HRA understandsthat the use of eminent domain is not always the appropriate and that the HRA should consultwith the City Council prior to its use. The HRA could market the housing replacement program more proactively on a volurrteer basis to target properties that have been in disrepair and where the owners are willing to sell. Also, the HRA could assist with demolition costs associated with dilapidated homes to encourage the construction of a new home. Many times a distressed home will be minimally fixed up and rented instead of sold. This is evident by the large increase (over 50%) in non-homesteaded propertieswithin the last two years. Wth the estimated funds in 2005, the HRA will set aside enough funds to purchase one home for this program on a more proactive. There is an opportunity to apply the federal funds through {CDBG/LDC) to this program if the new home is sold to a household with income at or below80% of inedian income. 2005 Suggesfied BudgetAmount: � $170 Can Federal Furxls be Used Yes Multi Familv Rehab — Roseville multi-family complexes (especially the smaller ones) are aging at a rapid pace and there are strong signs of deferred maintenance. Assisting in the renovation and or/ purchase and rehab of even one small complex in Roseville would be costly. There is not sufficient budget, currently to tackle the multifamily issues. Staff is currently reviewing the establishment of housing improvement areas for two separate owner occupied complexes. This type of program would take upfront funds to finance with payback • Page4