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�j <br /> City of <br /> Elk Request for Action <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authority 7.4 <br /> Agenda Section Meeting Date Prepared by <br /> General Business February 1, 2021 Colleen Eddy, Economic Development Specialist <br /> Item Description Reviewed by <br /> HRA Housing Rehabilitation Loan Program Update Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Receive update on the Rehabilitation Loan Program. <br /> Background/Discussion <br /> CEE reports all accounts are current. Originations are overall quiet as applications slowed considerably in <br /> comparison with previous months. Two new applications were received and are under review at this time. <br /> Financial Impact <br /> N/A <br /> Mission/Policy/Goal <br /> The goal of the HRA is to improve existing housing stock by offering incentives or programs to repair and <br /> maintain residential properties. <br /> Attachments <br /> ■ CEE Monthly Loan Report—December 2020 <br /> ■ CEE 2020 Year End Report <br /> The Elk River Vision <br /> A )relcom' community aa)ith revolutionary and spirited zesourcefulness, exceptional p o w E A E u e r <br /> service, and community engagement that encourages and inspires prosperity® <br />