My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
08-28-1997
MoundsView
>
City Commissions
>
Economic Development Commission
>
Packets
>
1994-1999
>
1997
>
08-28-1997
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/20/2018 6:45:39 AM
Creation date
8/7/2018 10:32:14 AM
Metadata
Fields
Template:
MV EDC
EDC Document Type
Council Packets
Date
8/28/1997
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
13
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Staff Memo • <br /> To: Economic Development Commission Members <br /> From: Cathy Bennett, Director of Economic Development <br /> Date: July 17, 1997 <br /> Subject: Consideration of Establishing a Loan Program for the Improvement <br /> (5.B.) of Multi-Family Housing and Manufactured Homes <br /> Summary: <br /> The EDC is being asked to evaluate the possibility of using tax increment funds to <br /> assist residents in the rehabilitation of homes located in the manufactured home <br /> parks and provide low interest loans to encourage owners of rental units to make <br /> improvements. <br /> The Situation: <br /> Currently, owners of manufactured homes are constructing their own additions. <br /> State law requires that additions must be prefabricated. The additions that are being <br /> built are now is disrepair. They have leaks with faulty construction which create an <br /> unsafe health environment such as molding and insects. The City has the authority to <br /> require the owners to tear down these additions since they were not constructed per <br /> State building code. The problem is that the people who own the homes are not <br /> able to afford the prefabricated additions to replace the defective ones but they still <br /> desperately need the living space. <br /> In addition, many of Mounds View's rental units are deteriorating and have <br /> significant deferred maintenance problems. It has been very difficult to encourage <br /> owners to take advantage of County and State Funding to make improvements to the <br /> properties. One reason is that many of the programs require a financial commitment <br /> from the owner to receive the funding and the reporting requirements are onerous. <br /> The City can not apply for these funds without the participation of the owners. Many <br /> of the properties are in such disrepair that minor improvements do not generate <br /> enough incentive to increase rents as a financial payback. Therefore, any <br /> improvements beyond minor maintenance is never accomplished. <br /> Possible Solution: <br /> With regards to the manufactured home parks, staff is suggesting that a loan • <br /> program be established for the owners for the prefabricated additions to replace the <br /> ones that are a health hazard and need to be removed. The loan could be forgivable <br />
The URL can be used to link to this page
Your browser does not support the video tag.