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Eclty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authority 7.2 <br /> Agenda Section Meeting Date Prepared by <br /> General Business Aril 2, 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 /> Action Requested <br /> Receive information on the HRA Housing Rehabilitation Loan Program. <br /> Background/Discussion <br /> Fourteen projects have been completed to date with the 15th project underway but waiting for warmer <br /> weather to finish the exterior work. Over$311,579 will soon be disbursed over the four-year <br /> rehabilitation program period. Installment payments are received per the agreements. <br /> An informational meeting is set for 5:30 p.m.,Thursday,April 26th at City Hall. CMHP will facilitate <br /> along with homeowners who participated in the program. Staff is working with Star Nears on an ad that <br /> will run four weeks leading up to the meeting. The event will also be posted on the city's social media <br /> sites. CMHP sent out direct mailing on March 21" to the targeted area and has posted the informational <br /> meeting on their website. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ April Project/Financial Report <br /> ■ HRA Loan Installment Report <br /> The Elk River Vision <br /> A PehoMing community 2a itb revolutionary and spirited resourcefulness, exceptional POWERED By <br /> service, and community engagement that encourages and inspires prosperity INAWRE1 <br />