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7.1 HRSR 12-05-2016
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7.1 HRSR 12-05-2016
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12/2/2016 2:55:12 PM
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City Government
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HRSR
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12/5/2016
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tik. 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 December 5,2016 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 HRA Housing Rehabilitation Program. <br /> Background/Discussion <br /> Currently,there are four projects in progress. One application is under construction, one is working with <br /> the contractor to reduce their total overall project costs, one is waiting for the scope of work to be <br /> completed and one applicant is going through the lead based assessment. <br /> Eight projects have been completed to date. Over$189,095 has been or soon will be disbursed over the <br /> three-year rehabilitation program period. Monthly installment payments are received per the agreements. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> • December HRA Rehab Report <br /> • HRA Loans Summary <br /> FOVEREI er <br />
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