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�J <br /> etyof <br /> ElkRequest for Action <br /> River <br /> To Item Number <br /> Housing and Redevelopment Authoritv 7.4 <br /> Agenda Section Meeting Date Prepared by <br /> General Business February 7, 2022 Brent O'Neil, Economic Development Director <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 and the HRA's portfolio is performing as expected with no delinquencies <br /> or late payments. There have been no new loans issued this period and$150,000 is available for new loan <br /> disbursements. Staff continues to discuss with CEE the possibility of program modifications. <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 Activity Report <br /> ■ Quarterly Report—Q4 2021 <br /> ■ CEE Peer City Program Summary <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 />