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7.1 HRSR 06-05-2017
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7.1 HRSR 06-05-2017
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6/2/2017 11:37:34 AM
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City Government
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HRSR
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6/5/2017
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<br />Request for Action <br />ToItem Number <br />Housing and Redevelopment Authority7.1 <br />Agenda Section Meeting DatePrepared by <br /> <br />General BusinessJune 5, 2017Colleen Eddy, Economic Development Specialist <br />Item Description <br />Reviewed by <br />HRA Housing Rehabilitation Loan Program UpdateAmanda Othoudt, EDD <br /> <br />Reviewed by <br />Cal Portner, City Administrator <br />Action Requested <br /> <br />Receive information on the HRA Housing Rehabilitation Program. <br />Background/Discussion <br />Currently, there are four projects in the pipeline.One project has had a partial inspection on it as the <br />contractor is waiting for the correct window to be delivered, tw <br />can proceed with their projects which will be starting soon and proval to <br />proceed. <br /> <br />Nine projects have been completed to date.Over $283,000 will soon be disbursed over the four-year <br />rehabilitation program period. Monthly installment payments are received per the agreements. <br />Staff will discuss funding continuation at the upcoming budget w <br />marketing efforts. <br />Financial Impact <br /> <br />N/A <br /> <br />Attachments <br /> <br />June HRA Rehab Report <br />JuneHRA Loan Summary <br /> <br />
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