Agenda Packets - 1977/08/04 - Laserfiche WebLink

Home Browse Search

1 - Item No. 14 Staff Report No. Meeting Date: August 4, 1997 • Type of Business: Work Session WK:: Work Session;PH:Public Hearing; CA:Consent Agenda;CB:Council Business City of Mounds View Staff Report To: Mayor and City Council From: Pamela Sheldon, Community Development Director Item Title/Subject: Discussion of Request for TIF Funding to develop a specific housing strategy as part of the Comprehensive Plan Update and to meet the Metropolitan Council's deadline for updating the City's Housing Action Plan Date of Report: August 3, 1997 Summary: The continued health of the City's housing stock and addressing housing issues has been a high priority item in Mounds View. The City has a sizeable supply of pre-and post-war, single family housing which is now approaching or exceeds 40 years of age. The City also has 28%of its housing stock in rental units and 12%of its housing stock in manufactured homes. Goals,policies and action steps related to maintaining and rehabilitating existing units, as well as replacing substandard housing stock appears in the adopted 1982 Comprehensive Plan,in Mounds View Focus 2000 Implementation Plan from September 1994, and in the City's 1996 Housing Action Plan for the Liveable Communities Act. iStaff is requesting approval from City Council for an allocation of$15,000 from tax increment funding to hire professional services to prepare the following: ■ an update of the Housing Action Plan by December, 1997 as is required by Minnesota Statutes • a handbook of specific programs to address the most pressing issues related to housing in the community, and identification of funding sources Discussion: Staff regards the following as the most pressing issues related to housing in the community: • Rehabilitation and improvement of the smaller pre-and post-war, single family houses, built prior to 1960. According to the City's Housing Action Plan prepared in 1996,there are 1308 single family homes in Mounds View or 47%of the single family housing stock which were built prior to 1960. These homes are approaching 40 years of age. They are also smaller and have less amenities than homes which are being built on the fringe of the metro area. In order to keep these homes from deteriorating or becoming obsolete, reinvestment is necessary. Homes need to be rehabilitated and improved. The idea of developing a City-sponsored housing rehabilitation program has been discussed. One of the expectations for the housing replacement program is that the income derived from reselling the lots • acquired through this program will be used to create a revolving loan fund for housing rehabilitation. Since the housing replacement program is in its infancy,we do not yet have income from lot sales.