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<br />Division: <br />Completed by: <br />Date: <br /> <br /> <br />Performance Measure 2021 Actual 2022 Actual 2023 Actual 2024 Estimated 2024 YTD 2025 Projected <br />Number of HRA Rehab Loan <br />applications approved 0 0 4 5 2 5 <br />Rehab Loan Funds Outstanding <br />(year-end)$160,000 $52,500 $162,000 $250,000 $210,000 $400,000 <br />Residential Property Re- <br />investment (by permit value)$8,000,000 $17,800,000 $19,700,000 $9,000,000 $7,000,000 $15,000,000 <br />Number of Multi-family Units <br />Added (completions)70 0 90 100 142 50 <br /> <br />Performance Measures & Goals for 2025 <br />Housing and Redevelopment <br />Brent O'Neil <br />August 29, 2024 <br />Promote preservation of housing stock <br />Promote investment in residential properties within Elk River and target individuals interested in the blighted properties <br />program and the HRA Rehab Loan Program. Identify dilapidated properties and work with city code enforcement. <br />Protect and strengthen rental properties. <br />Division Goal Goal Objective/Task <br />Promote a vital downtown <br />Enhance redevelopment opportunities for C/I properties <br />Participate in the Downtown ER Business Association Meetings. Work with the DERBA to develop a beautification <br />plan for the Main Street Corridor and/or engagement of redesign for Main Street. Promote and/or modify the <br />Downtown Facade Improvement microloan program. Pursue strategic acquisition and sale of downtown <br />redevelopment property. Facilitate future use options for Elk River Meats site. <br />Identify business owners interested in redevelopment blighted C/I properties. Work with the building department to <br />identify properties eligible for the blighted properties C/I program. Hold periodic discussions with various departments <br />(police, fire, building, and planning) to discuss potential redevelopment opportunities. <br />Acquire properties or short- and long-term redevelopment Monitor the market and identify properties for potential acquisition which align with the strategic objectives of the HRA, <br />including substandard structures. <br />Optimize use of studies, data, and research tools As needed, conduct studies and conduct research to best guide the HRA in its activities. Utilize tools such as <br />analytical software to better understand conditions and opportunities. <br />Page 28 of 32