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Home My WebLink About03/02/2023 EDAC Combined PacketCITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MEETING Thursday, March 2, 2023 8:00 A.M. Community Room AGENDA 1. CALL TO ORDER AND ROLL CALL 2. APPROVAL OF MINUTES: January 5, 2023 3. DISCUSSION ITEMS A. Housing Maintenance Assistance Program B. Lake and Main Assistance discussion (information to follow) C. Project Updates 4. ADJOURN DRAFT MINUTES CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES 1. CALL TO ORDER Michael Grochala, Community Development Director, called the Economic Development Advisory Committee meeting to order at 8:01 A.M. on January 5, 2023. 2. APPROVAL OF MINUTES Mr. Cravero made a motion to approve the December 1, 2023 meeting minutes. Motion was supported by Mr. Vojtech, passing unanimously. 3. DISCUSSION ITEMS A. Small Business Financial Assistance & Housing Maintenance Assistance Programs Mr. Grochala, Community Development Director, presented the staff report. The committee discussed the potential Small Business Financial Assistance & Housing Maintenance Assistance Program opportunities in greater detail. The EDAC supported the establishment of a housing assistance program in some form with funding currently available. The board recommended the program be limited to owner occupied housing. Mr. Grochala stated staff would bring back additional information on program options. The committee discussed different options for business assistance focusing on funding for improvements necessitated by code changes. Staff was directed to further explore options and potential funding sources. 4. ADJOURNMENT DATE: January 5, 2023 TIME STARTED: 8:01 A.M. TIME ENDED: 9:13 A.M. MEMBERS PRESENT: Patrick Kohler, Steve Marchek, Keith Hembre, Nathan Vojtech, Andrew Cravero MEMBERS ABSENT: Jim Schueller, Julie Jeffrey-Schwartz, Blakely LaCroix, Chad Wagner, Don Johnson STAFF PRESENT: Michael Grochala, Harrison Maxwell, Julie Whitney Economic Development Advisory Committee December 1, 2022 Page 2 APPROVED MINUTES Mr. Kohler made a motion to adjourn the meeting at 9:13 A.M. Motion was supported by Mr. Vojtech, passing unanimously. Respectfully submitted, Harrison Maxwell, Community Development Intern ECONOMIC DEVELOPMENT ADVISORY COMMITTEE AGENDA ITEM 3A STAFF ORIGINATOR: Mike Grochala, Community Development Director EDAC MEETING DATE: March 2, 2023 TOPIC: Housing Maintenance Assistance Program BACKGROUND The EDAC discussed establishing a housing maintenance program to assist low-moderate income households at the January 2023 meeting. As discussed the City has $230,000 loan repayment that can be used for affordable housing programs. Staff has generated some additional information to consider with the establishment of the program. Based on the discussion only owner occupied housing that met area affordability guidelines would be eligible for participation in the proposed program. Metropolitan Council’s 2040 Housing Policy plan defines affordable housing as housing that is affordable to low-and moderate-income families. Affordability limits are established annually. The 2023 figures are not available until May. The ownership affordability limit is based on a household income of 80% of the area median income. In 2022 the area median income (AMI) for a family of four was $118,200. For owner- occupied housing, the income limit includes principal, interest, property taxes and home insurance. 2022 Home Ownership Family Income Level Affordable Home Price 80% AMI ($89,400) $355,600 60% AMI ($70,380) $276,100 50% AMI ($58,650) $227,100 30% AMI ($35,200) $129,100 Due to increasing interest rates these numbers are expected to drop in 2023. Existing Programs Anoka County Home Rehabilitation Loan Program. The Homeowner Rehabilitation Loan Programs provides deferred payment loan financing to income-eligible homeowners to address health and safety concerns in the home. It does not cover cosmetic updates or deferred maintenance. Anoka County offers two loan programs to Anoka County property owners. Loan program income limits are based on gross household annual income of all household members. Borrowers must not exceed the income limit per household size. Approved Homeowner Rehabilitation Loan Programs applicants will be placed on a first come, first served wait list. Anoka County Well/Septic Loans This is a loan program; the borrowed funds are paid back with interest via your property tax assessment. Program covers repair or replacement of septic systems and connection to city sewer. Loan amount up to $100,000 with a maximum loan length of 10 years. Proposed Lino Lakes Program To avoid duplication of existing efforts staff would recommend a program, similar to Blaine’s Front Door program that aims to enhance curb appeal of a home. The program would only be available to owners of homes with a 2022 assessed value (adjusted annually) of $355,600 or less and that are at least 30 years old. This would target both affordable and aging housing stock in the City. Funding could be in the form of a grant or low interest loan paid back as a special assessment with annual property taxes. Types of improvements eligible would be determined by the City. An overview of Blaine’s Front Door Program is included as an exhibit. EDAC CONSIDERATION Staff is requesting direction from the committee on proposed program parameters. ATTACHMENTS 1. Blaine Front Door program Blaine Front Door Program Receive a grant of up to $5,000 to improve the curb appeal of your home. Funds are limited. Projects must include at least one beautification project and a beautification project cost of at least $1,000. Project must achieve a minimum grant amount of $1,000. Beautification projects-reimbursed at 25 percent of cost 1. Front door, storm door, and/or garage door 2. Sidelight windows by front door 3. Columns at front door 4. Covered front porch 5. Brick, stone, or shakes 6. Alter roofline on front side of house 7. Permanent landscaping 8. Window boxes and shutters 9. Screening of utility boxes and/or garbage cans 10. Maintenance free decorative fence (wrought iron, composite, other similar materials) Basic projects-reimbursed at 15 percent of cost 1. Roof 2. Siding 3. Painting 4. Soffit or fascia 5. Trim 6. Gutters 7. Windows 8. Chimney repair, tuck pointing, repointing 9. Deck or porch – front yard or side yard visible from front of house (repair or replace) 10. Retaining wall (repair or replace) 11. Driveway, sidewalk (repair or replace)