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Request for Action <br />To <br />Item Number <br />Housing and Redevelopment Authority <br />17.2 <br />Agenda Section <br />Meeting Date <br />I <br />Prepared by <br />General Business <br />Aril 6, 2015 <br />Colleen Eddy, Economic Development Specialist <br />Item Description <br />Reviewed by <br />Update on HRA Rehabilitation Loan Program <br />Amanda Othoudt, Economic Development <br />Director <br />Reviewed by <br />Suzanne Fischer, Community Development <br />Director <br />Action Requested <br />Receive information on the City's Housing Rehabilitation program. <br />Background /Discussion <br />Activity in the Rehabilitation Loan Program has increased following the two informational meetings <br />hosted by Central Minnesota Housing Partnership (CMHP) in March. Six applications were distributed <br />and /or requested at the events. <br />CMHP is currently verifying two projects: 606 Jefferson Lane NW — bids received and forwarded to <br />owners, owners reviewing to select contractor and 420 Main Street NW — owners reviewing draft scope <br />of work. Three projects are ready for construction pending repayment agreements from the HRA. All <br />projects require a lead -based paint assessment which may increase the scope and cost scope of the <br />projects. <br />Staff continues to monitor rehabilitation activities and will continue partnering with CMHP on upcoming <br />informational meetings. <br />Financial Impact <br />None <br />Attachments <br />■ CMHP Monthly Report dated 3.27.2015 <br />NATURE <br />