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The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community <br />engagement that encourages and inspires prosperity <br /> <br />Request for Action <br /> <br />To <br />Housing and Redevelopment Authority <br />Item Number <br />6.1 <br /> <br />Meeting Date <br />November 3, 2025 <br />Prepared By <br />Joshua Mollan, Economic Development Specialist <br /> <br />Item Description <br />Housing Rehabilitation Loan Program Update <br />Reviewed by <br />Brent O'Neil <br />Cal Portner <br /> <br />Action Requested <br />Receive updates on the Housing Rehabilitation Loan Program. <br /> <br /> <br />Background/Discussion <br />CEE reports that all accounts are current, and the HRA's portfolio is performing as expected with no <br />delinquencies or late payments. <br /> <br />There have been no new loans issued during this period, and $150,000 is available for new loan disbursements <br />in 2025. <br /> <br />Staff continues to field inquiries from eligible applicants. Staff would also like to discuss the renewal of the CEE <br />origination contract for 2026. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />Improve housing stock by offering incentives or programs to repair or maintain residential properties. <br /> <br />Attachments <br />1. CEE Monthly Loan Servicing Report <br />2. CEE Monthly Loan Activity Summary <br /> <br /> <br />Page 10 of 24