Laserfiche WebLink
Performance Measures & Goals for 2026 <br />   <br />Division:Housing and Redevelopment   <br />Completed by:Brent O'Neil, Josh Mollan   <br />Date:July 1, 2025   <br />   <br />   <br />Performance Measure 2022 Actual 2023 Actual 2024 Actual 2025 Estimated 2025 YTD 2026 Projected <br />Number of HRA Rehab Loan <br />applications approved 0 4 2 2 0 5 <br />Rehab Loan Funds Outstanding <br />(year-end)$52,500 $162,000 $195,000 $225,000 $187,000 $250,000 <br />Residential Property Re- <br />investment (by permit value)$17,800,000 $19,700,000 $8,500,000 $9,000,000 $5,200,000 $10,000,000 <br />Number of Multi-family Units <br />Added (completions)0 90 142 0 0 55 <br />     <br />Division Goal Goal Objective/Task <br />Promote preservation of housing stock <br />Promote investment in residential properties within Elk River and target individuals interested in the blighted <br />properties program and the HRA Rehab Loan Program. Identify dilapidated properties and work with city code <br />enforcement. Protect and strengthen rental properties. <br />Promote a vital downtown <br />Participate in the Downtown Elk River Business Association (DERBA) meetings. Work with DERBA to develop a <br />beautification plan for the Main Street Corridor and/or engagement of redesign for Main Street. Promote and/or <br />modify the Downtown Facade Improvement microloan program. Pursue strategic acquisition and sale of downtown <br />redevelopment property. Facilitate future use options for public property/King Ave. lot. <br />Enhance redevelopment opportunities for C/I properties <br />Identify business owners interested in redevelopment of 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 <br />HRA, 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 62 of 63