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Item # 7 . 2 . <br /> • <br /> Elk <br /> River <br /> MEMORANDUM <br /> TO: Housing & Redevelopment Authority <br /> FROM: Catherine Mehelich, Director of Economic Development 0,7 <br /> Heidi Hall, Economic Development Assistant 1-41— <br /> Michele McPherson, Director of Planning i <br /> DATE: March 24, 2003 <br /> SUBJECT: Housing Work Plan Recommendation <br /> Attachments <br /> • Structure &Powers of HRAs, 2000 Handbook for MN Cities,League of MN Cities <br /> • 2003 Housing Work Plan Schedule <br /> • Background <br /> Last November, the HRA requested that staff schedule a presentation by the MN Housing <br /> Finance Agency (MHFA). Staff was able to schedule the presentation to be held during the <br /> April HRA meeting. The presentation will focus on the different types of financing tools <br /> available for housing projects within the City of Elk River. <br /> Issue <br /> To build on the MHFA presentation, staff has developed a housing work plan to gather <br /> information and examples of housing programs and partnership possibilities. Concurrently, <br /> Planning staff will be preparing a detailed housing analysis of Elk River's housing stock <br /> utilizing GIS data and windshield surveys. <br /> The housing work plan corresponds with the completion of the Comprehensive Plan and <br /> the Planning Department's housing stock inventory/analysis. Both documents will be used <br /> to determine the housing needs of Elk River. The work plan will culminate with staff <br /> recommendations for Elk River housing programs based on Elk River's needs. <br /> Recommendation <br /> Staff recommends that the HRA consider approving the housing plan work schedule. <br /> • <br />