4.0. SR 12-03-2001 - Laserfiche WebLink

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It should be noted that while the demand estimates seem overwhelming for a community, permits for 2000 and a portion of 2001 have been issued which will meet a large share of this demand. Permits have been issued for this period for 394 housing units. Rehabilitation Although a vast majority of the City's housing stock is fairly new, the community still has just under 700 housing units that were developed prior to 1960. Some of these units are likely going through gradual disrepair and a rehabilitation program would assist in maintaining these units. Efforts to improve housing units in the community can be approached on an individual or larger community scale. At an individual level homeowners could work with Th-Cap to access the MHFA Rehabilitation Loan Program which offers a 0% deferred or fix-up loan or the Weatherization Assistance Program to qualified homeowners. Another option would be to take a larger approach to rehabilitate a neighborhood or targeted area of the COlnn~unity that consists of older housing stock. A program that offers a larger impact to a community would be the Small Cities Development Program. This program can offer deferred loans to qualified homeowners to make essential repairs to homes that help remove health and safety issues and to improve energy efficiency. This program is also available for rental rehabilitation activities. In addition to rehabilitation, funds can also be used for new housing construction. A list of eligible activities is found in the resource section. It should be noted that all the programs have some type of eligibility requirements and are not available to all households. Funds are also limited and/or awarded on a competitive basis for these programs. While the City does have a vast need for multiple types of housing, it is important to note that these recommendations are based on a conservative estimate of need through 2005. Development of these units at one period would likely result in an over saturation of the housing market. The housing market is continually changing and as such should be examined on a regular basis when working to implementation components of the housing plan.