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<br />Request for Action <br /> <br /> <br />To <br />Housing and Redevelopment Authority <br />Item Number <br />7.6 <br />Agenda Section <br />General Business <br />Meeting Date <br />February 6, 2017 <br />Prepared by <br />Colleen Eddy, Economic Development Specialist <br />Item Description <br />HRA Housing Rehabilitation Loan Program Update <br /> <br />Reviewed by <br />Amanda Othoudt, EDD <br />Reviewed by <br />Cal Portner, City Administrator <br /> <br />Action Requested <br />Receive information on the HRA Housing Rehabilitation Program. <br /> <br />Background/Discussion <br />Currently, there are four projects in the pipeline. One project is ready for construction, one is reviewing <br />bids, one is working on the scope of work and the fourth one is waiting for lead base paint results. <br /> <br />Nine projects have been completed to date. Over $213,740 will be disbursed over the three-year <br />rehabilitation program period. Monthly installment payments are received per the agreements. <br /> <br />Staff continues to partner with CMHP on marketing the program and plans are underway to update the <br />city’s produced video that highlights the rehabilitation loan program. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> February HRA Rehab Report <br /> HRA Loan Summary