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Request for Action <br /> <br /> <br />To Item Number <br />Housing and Redevelopment Authority 7.2 <br />Agenda Section Meeting Date Prepared by <br />General Business May 6, 2019 Amanda Othoudt, EDD <br />Item Description Reviewed by <br />HRA Housing Rehabilitation Loan Program Update Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Receive update on the Rehabilitation Loan Program <br /> <br />Background/Discussion <br />CEE has received nine total requests for information on the HRA rehabilitation loan program since <br />February 25, 2019. Two of the requests have turned in formal applications. Three applicants requested <br />paper applications to be mailed out. Four of the requests are still in the early stages. One application was <br />withdrawn last month. <br /> <br />Our Aging Delinquency Report shows two loans delinquent. One 30 days and the other is 90+ days <br />delinquent. Attempts are being made by both CEE and staff to work with the homeowners on getting <br />their accounts current. <br /> <br />Financial Impact <br />The total 2019 program budget is $117,854. This allocation includes $67,854 that has revolved from the <br />program since its inception and $50,000 budgeted for 2019. <br /> <br />Attachments <br /> CEE Monthly Loan Reports <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 />