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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 September 4, 2018 Amanda Othoudt, EDD <br />Item Description Reviewed by <br />HRA Rehabilitation Program Update Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Receive information on the HRA Housing Rehabilitation Loan Program. <br /> <br />Background/Discussion <br />Currently, two projects are under way; one homeowner is in the process of selecting a contractor bid and <br />the other is in the process of signing the contract and loan documents. <br /> <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 balance of <br />Rehab Fund is $145,290. <br /> <br />Marketing efforts continue on our social media platforms. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> August 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 />