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<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 />Request for Action <br /> <br /> <br />To <br />Housing and Redevelopment Authority <br />Item Number <br />7.1 <br />Agenda Section <br />General Business <br />Meeting Date <br />December 3, 2018 <br />Prepared by <br />Colleen Eddy, Economic Development Specialist <br />Item Description <br />HRA Rehabilitation Program Update <br />Reviewed by <br />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 />Fifteen projects have been completed to date. One project started last month. Over $336,579 has been <br />disbursed over the four-year rehabilitation program period. Installment payments are received per the <br />agreements. <br /> <br />We continue to market the program and are in the process of updating the HRA video. Staff is also <br />working with Elk River Star News on an ad that will run the next five weeks. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> HRA Loan Program Report <br /> November HRA Project and Financial Update <br /> <br />