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Request for Action <br />To <br />Item Number <br />Housing and Redevelopment Authority <br />7.2 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />General BusinessJanuary <br />7, 2019 <br />Colleen Eddy, Economic Development Specialist <br />Item Description <br />Reviewed by <br />HRA Housing Rehabilitation Loan Program Update <br />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 />Sixteen projects have been completed to date. The latest project included a bathroom shower <br />replacement, installation of a basement egress window, soffit repair and replacement of a window. <br />Over $336,579 has been disbursed over the four-year rehabilitation program period. All installment <br />payments are being received per their agreements. <br />We continue to market the program and are in the process of updating the HRA video. A full color ad <br />ran through November and December in the Elk River Star Nenu and a news article was posted on our <br />social media sites. <br />Financial Impact <br />N/A <br />Attachments <br />■ January Project/Financial Report <br />■ HRA Loan Report <br />■ CMHP Admin Report <br />■ Gadach before and after photos <br />The Elk River Vision <br />A n� elcoming community nvith revolutionary and spirited resourcefulness, exceptional P R w E R E o R r <br />service, and community engagement that encourages and inspires prosperity /,V <br />