7.3 HRSR 02-01-2016 hi Request for Action
River
To Item Number
Housing and Redevelopment Authority 7.3
Agenda Section Meeting Date Prepared by
General Business February 1,2016 Amanda Othoudt, EDD
Item Description Reviewed by
HRA Annual Report for 2015 Cal Portner, City Administrator
Reviewed by
Action Requested
Receive information
Background/Discussion
The HRA Bylaws require that the Housing and Redevelopment Authority review all existing projects.
The Annual-End-of-Year Report lists major activity in 2015. That report is attached. Staff will review the
report with the HRA at the Annual Meeting.
Financial Impact
N/A
Attachments
• HRA Annual-End-of-Year Report
IPOIEREll III
Template Updated 4/14 NATURE
,of & edevelo _nt
Elk _
River Authority
Year-end Activity Summary 2015
Director's Message
Key Highlights in 2015
• HRA's partnership with CMHP Looking back at 2015, the Housing and Redevelopment Authority has
has been widely successful in had a year filled with new programs and policies that will foster
2015. Six projects have been improvements throughout our entire community. .The Commissioners
completed to date with two approved a new three-year Strategic Plan which included the
more under construction. commissioning of an updated housing needs study.
• Downtown Lighting project was The HRA continues to work on community redevelopment projects
completed earlier this year,with through our Housing Rehabilitation loan program facilitated by the
Central Minnesota Housing Partnership (CMHP). The Commission
new LED lights installed on the seeks to improve blighted commercial/industrial properties within our
trees and light poles along Main community through a new Blighted Properties Commercial and
Street downtown.This project Industrial Forgivable Loan Program.
amplifies the beauty of
Looking ahead,we are seeing an increased demand for new single family
downtown Elk River in the housing and multifamily dwelling units. The Housing Study completed
evening all year round. in 2015 shows a need for over 1,300 new housing units to keep up with
• Maxfield Research updated the demand.
Housing Study in December of In addition,we are working with local developers to redevelop some of
2015. The Housing Study the communities blighted properties. We anticipate rolling out a new
concluded that over 1,300 new program to further assist homeowners in the demolition and
housing units are needed in redevelopment of blighted,single family dwellings.
order to keep up with the In 2016, I am looking forward to a year of progress in the promotion of
current demand. the HRA rehabilitation loan program and other redevelopment
• The New Blighted Properties programs in Elk River through goal setting, policy update, and plan
Commercial/Industrial implementation.
Forgivable Loan Program was _- ._
implemented in 2015. " �,_
p Amanda Othoudt � .
• Earlier in the year,the HRA Economic Development Director `
updated their Strategic Plan. aothoudt @E1kRiverMN.gov
13065 Orono Parkway
Elk River,MN 55330
763.635.1042 _
www.ElkRiver.MN.gov ° -`'