7. ��i
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lk — - Request for Action
River
To Item Number
Housing and Redevelopment Authority 7.1
Agenda Section Meeting Date Prepared by
General Business May 7, 2018 Amanda Othoudt,EDD
Item Description Reviewed by
HRA Rehabilitation Program Update Cal Portner, City Administrator
Reviewed by
Action Requested
Receive information on the HRA Housing Rehabilitation Loan Program.
Background/Discussion
Fifteen projects have been completed to date. Over$311,579 has been disbursed over the four-year
rehabilitation program period. Installment payments are received per the agreements.
An informational meeting was held on Thursday,April 26`''at City Hall. CMHP and staff facilitated the
program. Seven individuals attended the event, and expressed interest in the program. We anticipate a
couple new applications to come in as a result of the informational meeting.
Financial Impact
N/A
Attachments
■ April Project/Financial Report
■ HRA Loan Installment Report
The Elk River Vision
A Y�elcoming community nvith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r
service, and community engagement that encourages and inspires prosperity ,g /` UR