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it ci <br />Elk* <br />River <br />Request for Action <br />To <br />Item Number <br />Housing and Redevelopment Authority <br />6.1 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />General Business <br />March 4, 2024 <br />Joshua Mollan, Economic Development Specialist <br />Item Description <br />Reviewed by <br />Housing Rehabilitation Loan Program Update <br />Brent O'Neil, Economic Development Director <br />Reviewed by <br />Cal Portner, City Administrator <br />Action Requested <br />Receive updates on the Housing Rehabilitation Loan Program. <br />Background/Discussion <br />CEE reports that all accounts are current and the HRA's portfolio is performing as expected with no <br />delinquencies or late payments. There have been no new loans issued this period and $150,000 remains available <br />for new loan disbursements. <br />Staff is also looking at completing another mailer to market the program in partnership with Elk River Municipal <br />Utilities. <br />Financial Impact <br />N/A <br />Mission/Policy/Goal <br />Improve existing housing stock by offering incentives or programs to repair and maintain residential properties. <br />Attachments <br />■ CEE Monthly Loan Activity Report <br />■ CEE Monthly Loan Activity Summary <br />The Elk River Vision <br />A n elcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity. <br />p I I E I E 0 IY <br />NATUREI <br />Updated.• January 2023 <br />