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<br />Request for Action <br /> <br /> <br />To Item Number <br />Housing and Redevelopment Authority 7.1 <br />Agenda Section Meeting Date Prepared by <br />General Business January 2, 2018 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 /> <br />Action Requested <br />Receive information on the HRA Housing Rehabilitation Loan Program <br /> <br />Background/Discussion <br />Currently, there is one project under construction. <br /> <br />Fourteen projects have been completed to date. Over $311,579 will soon be disbursed over the four-year <br />rehabilitation program period. Monthly installment payments are received per the agreements. <br /> <br />Staff sent holiday cards to homeowners in the targeted area and advertised for seven weeks in the Star <br />News. Staff looks forward to coordinating an informational session in the spring with CMHP. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> January Project/Financial Report <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />