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E lls <br />River` <br />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 />July 10, 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 near completion, two just got under way <br />and one received contractor approval and will be starting soon. <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. Staff <br />continues to work with CMHP on marketing efforts, organizing an upcoming information meeting and <br />placing advertisements in the Star News. <br />Financial Impact <br />N/A <br />Attachments <br />• July HRA Rehab Report <br />• July HRA Loan Summary <br />2 P�awEnEO sr <br />Is <br />