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�� Request for Action <br /> Elk - <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authority 7.1 <br /> Agenda Section Meeting Date Prepared by <br /> General Business July 6, 2020 Colleen Eddy, Economic Development Specialist <br /> Item Description Reviewed by <br /> HRA Housing Rehabilitation Loan Program Update Amanda Othoudt,EDD <br /> Reviewed by <br /> Cal Portner, City Administrator <br /> Action Requested <br /> Receive update on the Rehabilitation Loan Program. <br /> Background/Discussion <br /> CEE reported one new application,which is still under review. This applicant decided to go with a MHFA <br /> program instead of utilizing the HRA Rehab Loan Program. <br /> On the servicing side, CEE reports there has not been any problems collecting payments despite the COVID- <br /> 19 emergency. The one homeowner with a delinquent account has made another payment of$200 and they <br /> stated they will be able to continue making payments, but they still do not have enough available funds to bring <br /> their account current. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ CEE Monthly Loan Report <br /> The Elk River Vision <br /> A Y�elcoming community nvith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r <br /> service, and community engagement that encourages and inspires prosperity ,g /` UR <br />