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<br /> <br />Request for Action <br /> <br /> <br />To Item Number <br /> <br />Housing and Redevelopment Authority 7.2 <br />Agenda Section Meeting Date Prepared by <br /> <br />General BusinessMay 4, 2015Colleen Eddy, Economic Development Specialist <br />Item Description Reviewed by <br />Update on HRA Rehabilitation Loan Program Amanda Othoudt, EDD <br />Reviewed by <br />Suzanne Fischer, Director, COD <br />Cal Portner, City Administrator <br /> <br />Action Requested <br /> <br />Receive information on the city’s Housing Rehabilitation Program and approve, by motion, two mortgage <br />and repayment agreements. <br /> <br />Background/Discussion <br /> <br />Activity in the Rehabilitation Loan Program continues as there are now eight rehab projects in process. <br />Five projects are ready to start construction with allocated funds at $115,138; and three projects are in <br />draft scope of work phase, with estimated funds of $50,000. <br /> <br />Staff is requesting the HRA approve two mortgage and repayment agreements for 606 Jefferson Lane <br />NW, in the amount of $20,650 and 928 Main Street, in the amount of $24,900 per the Rehabilitation <br />Loan Program Policies. <br /> <br />Financial Impact <br /> <br />None <br /> <br />Attachments <br /> <br /> <br /> <br />CMHP Monthly Report dated 4.24.2015 <br /> <br />