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Request for Action <br />To <br />Item Number <br />Housing and Redevelopment Authority <br />7.1 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />General Business <br />May 1, 2017 <br />Colleen Eddy, Economic Development Specialist <br />Item Description <br />Reviewed by <br />HRA Housing Rehabilitation Loan Program Update <br />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 the pipeline. One project is underway and three are awaiting contract <br />approval from the construction companies. <br />Nine projects have been completed to date. Over $255,000 will be soon disbursed over the four -year <br />rehabilitation program period. Monthly installment payments are received per the agreements. <br />Staff continues to work with CMHP on marketing efforts which include an upcoming informational <br />meeting and a direct mailing. Staff is also working with Star News on ads that will highlight the program <br />and the targeted area. <br />Financial Impact <br />N/A <br />Attachments <br />May HRA Rehab Report <br />May HRA Loan Summary <br />p 0 W I R 1 0 0 Y <br />A URE <br />