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7.1. HRSR 08-02-2021
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7.1. HRSR 08-02-2021
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7/29/2021 11:49:41 AM
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City Government
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HRSR
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8/2/2021
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�J <br /> etyof <br /> ElkRequest for Action <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authoritv 7.1 <br /> Agenda Section Meeting Date Prepared by <br /> General Business August 2,2021 Colleen Eddy, Economic Development Specialist <br /> Item Description Reviewed by <br /> HRA Housing Rehabilitation Loan Program Update Brent O'Neil, Economic Development Director <br /> Reviewed by <br /> Cal Portner, City Administrator <br /> Action Requested <br /> Receive update on the Rehabilitation Loan Program. <br /> Background/Discussion <br /> CEE reports all accounts are current and the HRA's portfolio is performing as expected with no delinquencies <br /> or late payments. <br /> CEE received two new applications both of which did not meet the HRA's guidelines; one request was for <br /> $35,000 and the other did not meet the minimum requirements. <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-July 2021 <br /> ■ July 2021 Loan Fund Balance <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 />
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