03-07-2016 HRA MIN - Laserfiche WebLink

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Housing and Redevelopment Minutes Page 2 March 7,2016 7. General Business-None 8.1 HRA Rehabilitation Loan Program Continuation and Allocation of Funds Ms. Othoudt introduced Ed Zimney of CMHP,who present to answer questions regarding the HRA's housing rehab loan program. Ms. Eddy reviewed the success of the HRA's loan program and CMHP's role in the program. Ms. Eddy stated that ads have generated a lot of interest and staff has been tracking the location of those interested in the program. She noted that the majority of those are outside the target area. Ms. Eddy reviewed the types of improvements that have been made under the program,noting that there have been no late payment issues. Commissioner Eder stated that if the target area was expanded, she felt they need to be careful, as they might have an overwhelming response. She stated she would like to continue concentrating their efforts in a smaller area. Ms. Othoudt stated that there have been 8 projects in the 3 years of the program and she felt there are more potential projects in this area. She asked if the HRA wished to continue the program. Chair Toth stated that he has noticed problem areas mixed in areas having newer housing. Commissioner Chuba suggested criteria could include age of the home. Commissioner Eder agreed,and asked if the current criteria addresses the age of the home. Ms. Eddy stated no. Commissioner Eder asked if there was an opportunity to revise the criteria to include age of the home. Ms. Othoudt stated yes. Mr. Zimney discussed the history of how the criteria and target area were determined. Ms. Othoudt stated that this program is strictly using HRA funds and they would have more flexibility in revising the target area and qualification criteria. She explained that the HRA would need to determine whether or not they wish to continue the program and how much money they want to allocate to each of the programs (rehab,blighted residential and commercial). Mr. Zimney stated he is discussing with staff the option of having another informational meeting to facilitate interest. Ms. Othoudt asked him if the HRA is able to change the guidelines for the rehab program. Mr. Zimney stated yes, since it is their program. Commissioner Eder stated she is in favor of changing the guidelines to expand the area. Commissioner Kuester agreed,but added that she would like to see the age of the home considered as qualifying criteria. Ms. Othoudt asked Mr. Zimney to work with Jason Krebsbach to revise the agreement language to include older homes. Commissioner Chuba discussed the failure of organic shingles on newer homes and felt this issue could be considered in the criteria for the rehab program loan. He explained the ��