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Housing and Redevelopment Minutes Page 2 <br />October 3, 2016 <br />----------------------------- <br />6.1 Public Hearings <br />There were no public hearings. <br />7.1 HRA Rehabilitation Program Update <br /> <br /> Ms. Eddy provided an update on recent Rehab Program activities. <br />Commission approve the mortgage and repayment agreement as descr <br /> Chair Toth asked if homeowners at 806 Holt Avenue were still wa <br />inspection, since there have been no updates on this property since that August 1, 2016 note. <br />Mr. Eddy stated that she will check on the status of that projec <br />Motion by Commissioner Chuba and seconded by Commissioner Eder to approve <br />th <br />the mortgage and repayment agreement for Erin and Tracy Cunningham, 1420 5 <br />Street NW. Motion carried 5-0. <br /> <br />7.2 HRA Housing Rehabilitation Loan Program Waiting List <br /> <br /> Ms. Eddy provided background information on available funds for <br />program. She explained that two projects are currently on the waiting list for 20107, but that <br />funds are available now, if the Commission wished to proceed with them at this time. <br /> <br /> Motion by Commissioner Eder and seconded by Commissioner Chuba t <br />allocation of funds for the two described projects on the waiting list for 2017 for the <br />HRA Rehabilitation program. Motion carried 5-0. <br /> <br /> <br />8.1 Worksession Ï HRA Rehabilitation Loan Program Ï Targeted Area <br />Discussion (5:45 p.m.) <br /> <br /> Ms. Eddy introduced Kristin DeGrande, Neighborhood Reinvestment <br />Coon Rapids. Ms. DeGrande reviewed details of the Coon Rapids H <br />Home Improvement Program. Ms. DeGrande discussed the types of assistance that are <br />offered, eligibility requirements, process, promotion and application process. <br /> <br />Ms. DeGrande stated that 70-75 homeowners have started or completed projects in the 3 <br />years of the program. <br /> <br />Commissioner Chuba asked what the intent of the program is. Ms. DeGrande stated that <br />the goal is to keep people in their homes by helping them remode <br />She stated that they have allocated $230,000 in funds, refunded $30,000 in building permit <br />rebates, provided $1 million in financing, and leveraged $4.4 million in private funds. <br />Commissioner Chuba asked if they have tracked the increase in tax base. Ms. DeGrande <br />explained the tax valuation is approximately 2 years behind the assessed value, so they have <br />not yet tracked the increase. <br /> <br /> <br />