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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 />2.0 <br />Agenda Section <br />General Business <br />Meeting Date <br />January 14, 2019 <br />Prepared by <br />Amanda Othoudt, EDD <br />Item Description <br />HRA Housing Rehabilitation Loan Program <br />Reviewed by <br />Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Discuss the administration of HRA Rehabilitation Loan Program. <br /> <br />Background/Discussion <br />At their January 7, 2019, meeting, the HRA heard a presentation from the Center for Energy and <br />Environment on the administration of the HRA Rehabilitation Loan Program. <br /> <br />Following the presentation, it was the consensuses of the HRA to have CEE administer the HRA Rehab <br />Loan Program. <br /> <br />Staff would like to discuss the administration of the program by CEE, finalize the program guidelines and <br />loan servicing agreement with the Commission. <br /> <br />Financial Impact <br />The HRA allocated $50,000 in the budget for 2019. <br /> <br />Attachments <br /> CEE Residential Loan Application <br /> CEE Loan Origination Agreement (DRAFT) <br /> CEE Program Guidelines (DRAFT) <br /> CEE Loan Servicing Contract <br /> CEE Loan Servicing Agreement Exhibit A (DRAFT) <br /> CEE Loan Servicing Contract Exhibit B <br /> CEE Welcome Packet Sample <br />