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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 March 5, 2018 Colleen Eddy, Economic Development Specialist <br />Item Description Reviewed by <br />HRA Rehabilitation 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 />Fourteen projects have been completed to date. One project is in construction. Over $311,579 will soon <br />be disbursed over the four-year rehabilitation program period. Installment payments are received per the <br />agreements. <br /> <br />Staff is working with CMHP to schedule an informational meeting in early spring and a direct mailing to <br />the expanded targeted area. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> March Project/Financial Report <br /> HRA Loan Installment 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 />