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''149 <br /> Ells REQUEST FOR ACTION <br /> River <br /> To ITEM NUMBER <br /> Housing and Redevelopment Authority 7.2 <br /> AGENDA SECTION MEETING DATE PREPARED BY <br /> General Business October 6, 2014 Jeremy Barnhart, Deputy Director, <br /> COD <br /> ITEM DESCRIPTION REVIEWED By <br /> Housing& Redevelopment Authority Owner-Occupied <br /> Rehabilitation Update REVIEWED BY <br /> ACTION REQUESTED <br /> Receive update related to the Housing Rehabilitation Program. <br /> BACKGROUND/DISCUSSION <br /> On May 5, 2014, the HRA established a Housing Rehabilitation Loan Program, funding it with$100,000 <br /> annually for three years. The Central Minnesota Housing Partnership (CMHP), administrator of the <br /> program,will provide a monthly update, attached. <br /> CMHP has approved four applications, and two applications are on the waiting list,pending funding <br /> requirements of the 1" four. All projects require the completion of a lead-based paint assessment; this <br /> assessment may increase the scope (and cost) of the project. Once the scope is determined, those on the <br /> waiting list may be completed. <br /> Staff will monitor the activity, and may in the future suggest an increase of funding in 2015 and 2016 if <br /> the program develops a lengthy waitlist. <br /> FINANCIAL IMPACT <br /> None <br /> ATTACHMENTS <br /> • CMHP Monthly Report dated 9/2/8/2014 <br /> P O L E II E 1 Ill <br /> NATUR <br />