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RESIDENTIAL STRATEGIES <br /> ➢ Maintain listing of vacant/foreclosed properties <br /> ➢ Address housing gaps with Comprehensive Housing Market Study recommendations <br /> ➢ Proactively review neighborhoods annually to ensure all home are properly maintained <br /> through the code enforcement process <br /> ➢ Seek and promote available programs to improve existing housing stock and incentivize <br /> homeownership <br /> ➢ Provide educational opportunities regarding foreclosure prevention and housing <br /> assistance programs <br /> ACTION STEPS <br /> • Continue to work with applicable departments and entities to maintain internal foreclosure <br /> tracking spreadsheet <br /> • Distribute MN Home Ownership Center foreclosure prevention, Energy City conservation <br /> brochure, and Elk River Housing Toolkit information to local lenders, realtors, churches, non- <br /> profits, builders, etc. (minimum 4x/yr.) <br /> • Partner with staff to devise a neighborhood inspection plan to ensure all homes are properly <br /> maintained through the code enforcement process <br /> • Utilize housing intern to research programs available to Elk River residents to improve existing <br /> housing stock and incentivize homeownership <br /> • Partner with North Metro Realtors Association to explore the creation of in house housing <br /> programs (down payment assistance, housing rehab, etc.) <br /> • Partner with applicable non-profits (MNHOC,Tri-CAP, etc.)to hold educational events to <br /> promote foreclosure prevention and housing programs (minimum 2x/yr.) <br /> • Identify a partner housing organization to fund and support a selective housing removal and <br /> rebuilding program <br /> • Host an annual Realtors' Day to educate realtors about the programs, processes and amenities <br /> offered by the city <br /> 4 <br /> Approved EDA January 14, 2013, HRA January 7, 2013 <br />