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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 BusinessJuly 2, 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. The property owner <br /> at 319 2nd Street NW paid off the balance of their rehab loan. <br /> Two new applications were received last month as a result of the informational meeting held on April 26, <br /> 2018. Marketing efforts continue on our social media platforms. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ July 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 />