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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 aContinue to partner with the CMHP housing organization to fund and support a <br /> selective housing removal and 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 />