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Performance Measures & Goals for 2025 <br />Division: Housing and Redevelopment <br />Completed by: Brent O'Neil <br />Date: August 29, 2024 <br />Performance Measure <br />2021 Actual <br />2022 Actual <br />2023 Actual <br />2024 Estimated <br />2024 YTD <br />2025 Projected <br />Number of HRA Rehab Loan <br />applications approved <br />0 <br />0 <br />4 <br />5 <br />2 <br />5 <br />Rehab Loan Funds Outstanding <br />ear�encl <br />$160,000 <br />$52 500 <br />$162,000 <br />$250,000 <br />$210 000 <br />$400 000 <br />Residential Property Re- <br />investment (by permitvalue <br />$8,000,000 <br />$17,800,000 <br />$19,700,000 <br />$9,000,000 <br />$7,000,000 <br />$15,000,000 <br />Number of Multi -family Units <br />Added com letions <br />70 <br />0 <br />90 <br />100 <br />142 <br />50 <br />Division Goal <br />Goal Objective/Task <br />Promote investment in residential properties within Elk River and target individuals interested in the blighted properties <br />Promote preservation of housing stock <br />program and the HRA Rehab Loan Program. Identify dilapidated properties and work with city code enforcement. <br />Protect and strengthen rental properties. <br />Participate in the Downtown ER Business Association Meetings. Work with the DERBA to develop a beautification <br />Promote a vital downtown <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 />Enhance redevelopment opportunities for C/I properties <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 <br />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 <br />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 213 of 381 <br />