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Elk Request for Action <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authority 3.0 <br /> Agenda Section Meeting Date Prepared by <br /> General Business December 7, 2015 Amanda Othoudt, EDD <br /> Item Description Reviewed by <br /> HRA Blighted Properties Residential program Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Review and provide feedback on the Blighted Properties Forgivable Residential Loan program and policy. <br /> Background/Discussion <br /> After several discussions and workshop sessions over the past year, the HRA directed staff to develop a <br /> program to meet the untapped need for assistance with demolition and other redevelopment activities <br /> when either there is no current development plan or where future development visions are hindered by <br /> current blight. <br /> At the September 29 special HRA workshop meeting, staff was directed to: <br /> 1. Revise the existing draft blighted properties residential forgivable loan program to include state <br /> statute language in the policy defining"blighted," 116G.03. <br /> 2. Research other HRA policies,where the HRA acquires, demos and markets properties for sale. <br /> 3. Research possible grant programs to acquire and demo properties. <br /> 4. Provide a count of the number of vacant,blighted properties in the city. <br /> The HRA has two programs currently in place are as follows: <br /> 1. CMHP Housing Rehabilitation Program <br /> 2. Blighted Properties Commercial/Industrial Forgivable loan program <br /> Additionally, the HRA approved at their October 5 meeting to submit a pre-application for grant funding <br /> in conjunction with the Small Cities Development Program. This program offers low interest and <br /> forgivable loans to owner occupied residential dwellings, and commercial properties. <br /> Internally, staff has identified 5 properties within the city limits that could be considered vacant, blighted <br /> properties, and 10 properties that are occupied blighted properties. <br /> Staff is seeking direction from the HRA on whether or not to develop a blighted residential properties <br /> demolition loan program. <br /> Financial Impact <br /> None <br /> Attachments <br /> rellEREB R1' <br /> NATURE <br />