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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 October 7, 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 />The Center for Energy and Environment (CEE) received one request for information last month. CEE is <br />currently reviewing two applications. <br /> <br />Our Aging Delinquency Report shows one loan delinquent. One borrower is 90+ days past due. <br />Attempts are being made by both CEE and staff to work with the homeowner to get their account <br />current. <br /> <br />Financial Impact <br />The Olsen’s loan has been paid in full in September adding $19,861.41 back into the program, for a new <br />fund balance of $94,863.19. <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 />