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Request for Action <br />ToItem Number <br />Housing and Redevelopment Authority7.2 <br />Agenda Section Meeting DatePrepared by <br /> <br />General BusinessNovember 7, 2016Colleen Eddy, Economic Development Specialist <br />Item Description <br />Reviewed by <br />HRA Housing Rehabilitation Loan Program Amanda Othoudt, EDD <br />Discussion <br />Reviewed by <br /> <br />Cal Portner, City Administrator <br />Action Requested <br /> <br />Receive information on the HRA Housing Rehabilitation Loan Progr <br />Background/Discussion <br />rd <br /> work session, the HRA discussed expanding the existing Rehabilitation Loan Program <br />At the October 3 <br />targeted area. Staff has put together three maps which depict the following: <br />Expanding the targeted area to include the two areas discussed at the work session <br />Citywide map that shows the breakdown of ages of home <br />Map showing the age of the homes in the proposed expanded target <br />Also during the work session, members discussed including defaulbilitation <br />Loan Program Policy and Mortgage and Repayment Agreement between the homeowner and the HRA. <br />Staff has included samples of default language in the packet for discussion. <br />Financial Impact <br /> <br />N/A <br /> <br />Attachments <br /> <br /> <br />Targeted Area Maps <br /> <br />HRA Rehabilitation Loan Program Policy <br /> <br />Default Language <br />