03-09-1998 Council Packet - Laserfiche WebLink

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5. In recent years, several residences in the Navarre area have been rehabilitated through assistance from both CDBG funding and MHFA low interest loans. This rehabilitation assistance has been provided on a case by case basis by Hennepin County. The Navarre Housing Rehabilitation Project is an attempt to realize similar success throughout the neighborhood as a comprehensive effort and will also be administered through Hennepin County. Provided the required funding is secured over the two year period, the necessary deficiencies identified could be remedied. Such a result will be a success in reversing a negative trend in housing conditions in the neighborhood. PROJECT BENEFIT 1. 2. 3. 4. Residents within the project area will have to meet income guidelines to be eligible for funding. Those households making less than 80% of the median household income per year (adjusted according to number in household) will be most eligible for funding. These are the homeowners that arc least able to undertake necessar>- home repairs without assistance. The properties designated as being in poor or dilapidated condition will be given first priority in the housing rehabilitation efforts in 1998. This will allow Orono to retain its affordable housing stock and assist those residents in need of housing repairs. Approximately 100 people would be eligible to participate in the program based on income guidelines. This figure is based on the surv'ey findings that roughly 50 respondents indicated they fit into the low to moderate income categoiy as defined. There was approximately 50 percent response to the survey. Based on this figure, the 50 respondents prorates into approximately 100 households in the defined study area that would be eligible. There are 31 properties that have been identified as being in greatest need of repair and these will be given preference. Approximately nine households will benefit directly from the initial phase of the program. In addition, a large number of households in the area would benefit indirectly. The elimination of dilapidated homes would improve the neighborhoods in which they are located and provide incentive for others in the area to improve the maintenance of their homes. The project would eliminate or prevent olight by rehabilitating homes with one or more significant structural deficiencies as identified in the visual inspection portion of the Navarre Housing Study. Without CDBG funding, these structural deficiencies are expected to worsen and become more prc\ alent throughout the neighborhood as many homeowners cannot afford to remedy these problems. The project will presen e the existing tax base by emphasizing the retention of existing residences, rather than allowing them to become ''urther dilapidated and/or be tom dowm. If many of the residences in the area are allowed to become further dilapidated, their ta.\able value will be diminished and will also have a negative effect on values of neighboring houses. Preventing and eliminating substandard structural conditions of residences will