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ttik ,.,,.. Request for Action <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authority 7.1 <br /> Agenda Section Meeting Date Prepared by <br /> General Business May 2,2016 Colleen Eddy, Economic Development Specialist <br /> Item Description Reviewed by <br /> HRA Housing Rehabilitation Loan Program Update Amanda Othoudt, EDD <br /> Reviewed by <br /> Cal Portner, City Administrator <br /> Action Requested <br /> Receive information on the Housing Rehabilitation Program. <br /> Background/Discussion <br /> Seven projects have been completed to date and one more is currently being recorded. Over$167,044 <br /> has been disbursed over the three-year rehabilitation program period. Monthly installment payments are <br /> being received on a consistent basis. <br /> We facilitated an informational meeting with CMHP last week.A couple homeowners participated to <br /> explain the process to the few attendees. One attendee was impressed with the program,but felt they <br /> would not be ready to take advantage of it until next year. CMHP installed yard signs in front of two <br /> homes which we hope draws more attention to the program. Another informational meeting is being <br /> planned for late May or early June. Staff continues to work with CMHP on marketing this program. <br /> Current available funds should be enough to complete 3-5 new projects. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> • May 2016 HRA Rehab Report <br /> I-ONEBE ® ® t <br /> NATURE <br />