6. HRSR 01-03-2011 - Laserfiche WebLink

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Discuss 2011 HRA Goals & Projects HRA Meeting January 3, 2011 Page 2 of 2 • Distributed foreclosure prevention resources throughout the community. • Coordinated information on Elk River's foreclosure situation with Police, Utilities and Code Enforcement to monitor neighborhood conditions. • Administered federal Neighborhood Stabilization Program (Foreclosure Recovery) grant funds for down payment assistance and acquisition/rehabilitation. • Created unique financing program as result with TIF 16 resources to stimulate construction or substantial renovation, and job creation. • Closed on purchase of HRA buildings at 716 & 720 Main Street. • Monitored and maintained communications with The Bluffs property owner for assistance in the sale and marketing of the property. • Assisted conduit bond financing for the private acquisition and rehabilitation of the 68-unit Dove Tree Apartments. Issues for Discussion A copy of the 2009-2012 Economic Development Strategic Plan is attached as a reference on the priority goals and issues identified by the joint meeting of the HRA, EDA and City Council. In addition, the HRA's action steps should be consistent with the attached City Vision & Goals recently adopted by the City Council. Staff requests the HRA's feedback and direction on the preliminary list of 2011 goals and projects which was developed consistent with the 2011 HRA approved budget: 2011 Proposed HRA Action Steps • Continue foreclosure recovery and prevention initiatives. • Continue to provide information to residents on housing rehabilitation and energy efficiency financing assistance. • Resume planning process for the comprehensive Downtown Redevelopment Plan. • Monitor the City's housing market, inventory and condition to identify needs.