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��i <br /> Eof <br /> lk — - Request for Action <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authority 7.1 <br /> Agenda Section Meeting Date Prepared by <br /> General Business May 7, 2018 Amanda Othoudt,EDD <br /> Item Description Reviewed by <br /> HRA Rehabilitation Program Update Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Receive information on the HRA Housing Rehabilitation Loan Program. <br /> Background/Discussion <br /> Fifteen projects have been completed to date. Over$311,579 has been disbursed over the four-year <br /> rehabilitation program period. Installment payments are received per the agreements. <br /> An informational meeting was held on Thursday,April 26`''at City Hall. CMHP and staff facilitated the <br /> program. Seven individuals attended the event, and expressed interest in the program. We anticipate a <br /> couple new applications to come in as a result of the informational meeting. <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 Y�elcoming community nvith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r <br /> service, and community engagement that encourages and inspires prosperity ,g /` UR <br />