10-07-2019 HRA MIN - Laserfiche WebLink

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Housing and Redevelopment Minutes Page 2 October 7,2019 6. Public Hearings • There were no public hearings. 7.1 HRA Housing Rehabilitation Loan Program Update Ms. Othoudt presented the staff report. Commissioner Ovall asked what step the city should take to collect the late payments for the borrower who was 90+ days late. Ms. Othoudt stated the loan could be called and asked that it be paid in full. She indicated the borrower is making payments but is unable to bring the loan current. Ms. Othoudt indicated the borrower had a job loss which caused them to become behind on their payments but they are making monthly payments and they are in communication with Ms. Othoudt. Commissioner Ovall suggested a loan modification to collect incurred interest and get the borrower back on track,taking into consideration the fact the borrower experienced a one- time event like a job loss which caused them to fall behind and they are continuing to make monthly payments. Commissioner Eder asked if Commissioner Ovall recommend adding the principle balance to end of loan. Commissioner Ovall stated yes. It was the consensus of the HRA to have Ms. Othoudt work with CEE and the borrower to modify the loan. • Commissioner Eder suggested if the borrower wasn't already on auto payments that Ms. Othoudt secure auto payments when the loan is modified to ensure future payments. 7.2 Main and Gates Redevelopment Findings of Fact— Resolution Ms. Othoudt presented the staff report. Commissioner Chuba stated this sounds like a good idea for the fire and police departments. He asked if the city could contact Habitat for Humanity to allow them to take any needed items from the homes before demolition to use in their future home projects. Ms. Othoudt stated that could be a possibility and will look into that. Commissioner Ovall stated he understood that part of the bids received or obtained from contractors for tear down included prices for things like cabinetry or windows they could salvage. He stated he wasn't sure how that would be worked in if the fire department would • be using the home for training.