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<br />Request for Action <br /> <br /> <br />To Item Number <br />Housing and Redevelopment Authority 8.1 <br />Agenda Section Meeting Date Prepared by <br />Work Session February 3, 2020 Amanda Othoudt, ED Director <br />Item Description Reviewed by <br />Blighted Properties Residential Forgivable Loan Cal Portner, City Administrator <br />Program and Policy Discussion <br />Reviewed by <br /> <br /> <br />Action Requested <br />Information presented for discussion purposes. <br /> <br />Background/Discussion <br />At the August 5, 2019, meeting, the HRA discussed the two programs the city implemented to improve <br />the community’s housing stock, the Blighted Properties Residential Forgivable Loan Program and the <br />HRA Rehabilitation Loan Program. <br /> <br />At their January 6, 2020, meeting, the HRA discussed proposed changes to the Blighted Properties <br />Program and policy to allow flexibility for builders to acquire these types of homes with the caveat that <br />the properties will be owner-occupied upon completion. <br /> <br />Staff will continue the review of the attorney recommendations with the commission this evening. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Blighted Properties Residential Forgivable Loan Policy (attorney redlined) <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 />