The URL can be used to link to this page

7.2. HRSR 01-07-2019Request for Action To Item Number Housing and Redevelopment Authority 7.2 Agenda Section Meeting Date Prepared by General BusinessJanuary 7, 2019 Colleen Eddy, Economic Development Specialist Item Description Reviewed by HRA Housing Rehabilitation Loan Program Update Amanda Othoudt, EDD Reviewed by Cal Portner, City Administrator Action Requested Receive information on the HRA Housing Rehabilitation Loan Program. Background/Discussion Sixteen projects have been completed to date. The latest project included a bathroom shower replacement, installation of a basement egress window, soffit repair and replacement of a window. Over $336,579 has been disbursed over the four-year rehabilitation program period. All installment payments are being received per their agreements. We continue to market the program and are in the process of updating the HRA video. A full color ad ran through November and December in the Elk River Star Nenu and a news article was posted on our social media sites. Financial Impact N/A Attachments ■ January Project/Financial Report ■ HRA Loan Report ■ CMHP Admin Report ■ Gadach before and after photos The Elk River Vision A n� elcoming community nvith revolutionary and spirited resourcefulness, exceptional P R w E R E o R r service, and community engagement that encourages and inspires prosperity /,V 2019 Elk River HRA Homeowner Rehab Project and Financial Monthly Report January 2019 Updated: 11/5/18 Completed Projects Interest Cunningham $3,516.12 $892.88 Projects Closed Applications $25,000.00 $688.13 Hicks $3,440.09 $1,898.01 App. Date Name Project # Home Address Date Approved Current Status Loan amount Loan rate Loan term Lead Paint Recording inspect. Fees Date completed Monthly Pa ment 8/27/2014 Shawn & Deborah Mennin ER -4 525 8th St. NW 8/27/2014 completed $18,657.00 2.25% 10 $567 $46 7/31/2015 $173.77 8/28/2014 Marlin & Vicky Stimpson ER -5 606 Jefferson Lane NW 2/23/2015 completed $20,650.00 2.25% 10 $0 $46 9/2/2015 $192.33 8/21/2014 Scott & Cindi Thompson ER -3 1021 4th St. NW 8/27/2014 completed $22,000.00 2.25% 10 $915 $46 9/3/2015 $204.90 6/19/2014 Chad & Ja me Swenson ER -1 602 Gates Ave. NW 7/14/2014 completed $25,000.00 3.25% 15 $915 $46 9/24/2015 $175.67 3/16/2015 Barbara & Jerome Oleson ER -6 420 Main St. NW 3/18/2015 completed $25,000 3.25% 15 $915 $46 10/19/2015 $171.29 4/9/2015 Samuel & Audrey Mahon ER -9 501 6th St. NW 4/9/2015 completed $5,837.00 1.25% 5 $915 $46 12/1/2015 $100.41 3/26/2015 Jon & Ann Jungers ER -7 928 Main St. NW 3/30/2015 completed $24,881.69 3.25% 15 $567 $46 2/19/2016 $174.84 6/5/2015 Matt & Carol Hicks ER -10 1205 4th St. NW 6/5/2015 completed $25,000.00 3.25% 15 $915 $46 4/11/2016 $175.67 7/14/2016 Erin & Tracy Cunningham ER -11 1420 5th St. NW 7/19/2016 completed $22,069.00 2.50% 10 $0.00 $46.00 2/6/2017 $208.04 12/19/2016 Nichol & Andrew Hanson ER -16 319 2ns St. NW 12/20/2016 completed $25,000.00 3.00% 10 $400.00 $46.00 8/14/2017 $241.40 7/22/2016 William & Denise Hoops ER -12 806 Holt Ave NW 8/1/2016 completed $24,645.00 3.50% 15 $567.00 $46.00 9/13/2017 $176.18 8/22/2016 Scot & Kristen Sandhoefner ER -15 703 Jackson Ave NW 9/7/2016 completed $25,000.00 2.75% 10 $750.00 $46.00 9/25/2017 $238.53 8/15/2016 Larry & Nancy Krieq ER -14 609 Gates Ave NW 8/19/2016 completed $19,665.00 2.75% 10 $596.00 $46.00 11/10/2017 $159.79 4/13/2017 Linda & Daniel McClellan ER -17 810 Jackson Ave NW 4/21/2017 completed $6,534.00 2.25% 5 $650.00 $46.00 12/4/2017 $115.24 7/25/2017 Kyle & Jennifer Torfin ER -18 1811 Main St. NW 7/31/2017 completed $21,640.00 4.25% 15 $400.00 $46.00 5/18/2018 $162.79 Projects Under Construction App. Date Name Project # Home Address Date Approved Current Status Loan amount Loan rate Loan term Lead Paint Recording inspect. Fees Date completed Monthly Payment 4/26/2018 Jessica & Lynn Gadach ER -21 870 Vernon Ave 6/1/2018 Passed final inspection 12/28/2018 $25,000.00 4.00% 10 $425 $46.00 $253.11 Projects Ready for Construction App. Date Name Project # Home Address Date Approved Current Status Loan amount Loan rate Loan term Lead Paint Recording inspect. Fees Date completed Monthly Payment Projects BiddingMaiting for Approved Scope App. Date Name Project # Home Address Date Approved Current Status Loan amount Loan rate Loan term Lead Paint Recording inspect. Fees Date completed Monthly Payment 5/16/2018 Lea Raduenz ER -20 1837 8th St. NW 5/17/2018 Lea requested to put process on hold they are not ready 11/28/2018 $0 Approved Applications App. Date Name Project # Home Address Date Approved Current Status I Loan amount I Loan rate I Loan I term Lead Paint Recording I inspect. Fees Date completed Monthly I Payment App. Date I Name I I Home Address mailed app. to Jacky Kuykendall 7/24/18 816 Jackson Ave NW 30 -Oct -18 Borrower Principal Interest Cunningham $3,516.12 $892.88 Projects Closed Applications $25,000.00 $688.13 Hicks $3,440.09 $1,898.01 App. Date Name Project # Home Address Date Approved Current Status Loan amount Loan rate Loan term Lead Paint Recording Monthly inspect. Fees Pa ment 8/24/2017 Dianna Anderson ER -18 430 Rush Ave NW 8/29/2017 closed application at Dianna's request 9/28/17 $156.25 8/5/16 David & Laura Hartfiel ER -13 1017 Main St. NW 8/9/2016 Dave asked to cancel his application 9/23/16 $1,142.16 3/27/2015 Kara & Joe Holman ER -8 11028 Main St. NW 3/31/2015 file closed on 2/8/16 i 1$567 8/20/2014 Lisa Conway ER -2 1236 Norfolk Ave. NW 8/21/2014 lost contact closed 2/11/15 $567 ,Applications in Process $22,000.00 $307.97 Torfin $433.81 $380.15 App. Date I Name I I Home Address mailed app. to Jacky Kuykendall 7/24/18 816 Jackson Ave NW 30 -Oct -18 Borrower Principal Interest Cunningham $3,516.12 $892.88 Hanson $25,000.00 $688.13 Hicks $3,440.09 $1,898.01 Hoops $1,488.21 $978.33 Jungers $24,881.69 $472.15 Krieg $1,886.99 $560.60 Mahon $3,458.51 $156.25 McClellan $1,143.58 $124.08 Menning $5,461.56 $1,142.16 Olesen $4,195.20 $2,304.19 Sandhoefner $2,762.60 $815.33 Stimpson $6,044.35 $1,264.19 Swenson $4,258.59 $2,302.42 Thompson $22,000.00 $307.97 Torfin $433.81 $380.15 $109,971.29 $14,286.84 Four year program allocation $350,000 Designated program funds Admin fees $67,500 Admin fees paid to CMHP Lead base paint fees $10,631 paid out for lead base paint assessments Program balance $271,869 Principle Available to loan $73,206 Total funds to be loaned out $124,258.13 Total principal and interest received to date ELK RIVER HOUSING AND REDEVELOPMENT AUTHORITY REHABILITATION LOAN PROGRAM Report Dated : January 3, 2019 NNW Borrower Loan Amount Loan Origination Date Maturity Date = a Monthy Payment Amount Current Loan Balance Cunningham 1420 5th Street NW $ 22,069.00 2/1/2017 1/1/2027 $ 208.04 Y $ 18,209.82 Hanson 319 - 2nd Street NW $ 25,000.00 8/1/2017 8/1/2027 $ 241.40 $ - Hicks 1205 4th St NW $ 25,000.00 4/1/2016 3/1/2031 $ 175.67 Y $ 21,206.13 Hoops 806 Holt Avenue NW $ 24,645.00 10/1/2017 10/1/2032 $ 176.18 Y $ 22,939.19 Krieg 609 Gates Avenue NW $ 19,665.00 10/1/2017 10/1/2027 $ 187.63 Y $ 17,459.13 Mahon 501 - 6th Street $ 5,837.00 12/1/2015 11/1/2020 $ 100.41 Y $ 2,182.53 McClellan 810 Jackson Ave NW $ 6,534.00 12/1/2017 12/1/2022 $ 115.24 Y $ 5,179.96 Mennin 525 - 8th St NW $ 18,657.00 9/1/2015 8/1/2025 $ 173.77 Y $ 12,897.10 Olesen 420 Main St $ 25,000.00 10/1/2015 9/1/2030 $ 171.29 Y $ 20,565.63 Sandhoefner 730 Jackson Ave NW $ 25,000.00 9/1/2017 9/1/2027 $ 238.53 Y $ 21,861.84 Stimpson 606 Jefferson Lane NW $ 20,650.00 9/1/2015 8/1/2025 $ 192.33 $ - Swenson 602 Gates Ave NW 1 $ 25,000.00 10/1/2015 9/1/2030 $ 175.67 Y $ 20,501.43 Torfin 1811 Main Street $ 21,640.00 6/1/2018 6/1/2033 $ 162.79 Y $ 21,030.51 Totals $ 264,697.00 $ 2,318.95 $ 184,033.27 .. central minnesota • • HOUSING PARTNERSHIP December 28h, 2018 City of Elk River Attn: Colleen Eddy 13065 Orono Parkway Elk River, MN 55330 RE: City of Elk River HRA Homeowner Rehabilitation Program Materials for the January 7h, 2019 HRA Meeting. Dear Colleen: 37 28th Avenue North Suite 102 St. Cloud, MN 56303-4242 Phone: 320.259.0393 Fax: 320 259 9590 Enclosed are the following items for the Elk River HRA meeting on Monday January 7'. • Monthly program progress report. • Contractor Invoice • CMHP Invoice Thank you, Ed Z y Program Manager Enclosure Cc: file A MINNESOTAQ MN TDD 71 I NONPROFIT CORPORATION ;;,,:,;, EOUALOPPORTUNNITYEMPLOYER www.cmhp.net a CITY OF ELK RIVER HRA PROGRAMHOMEOWNER REHABILTATION Draw #3 Payment Request Please submit payment to the contractor(s) listed below. 1. J. Lewis Building & Remodeling LLC 20071 Nowthen Blvd. Nowthen, MN 55330 Draw Amount: $25,000.00 Project ER -21, Gadach 2. Central MN Housing Partnership, Inc. 37 28h Ave N Suite 102 St. Cloud, MN 56303 Administration Fee: $3,750.00 Total Draw Amount: $28,750.00 When Contractor payment checks are cut, please forward copies of the checks to CMHP for the project files. J Lewis Building and Remodeling, LLC 20071 Nowthen Blvd NW Nowthen, MN 55330 Bill To Central MN Housing Partnership 37 28th Avenue North. Suite 102 St Cloud, MN 56303-4242 Invoice Date Invoice # 12/27/2018 828 Project 870 Vernon Ave NW I Description I Amount I Building Permits Basement Bathroom Shower Replacement Basement Window, Egress Main Floor Bathroom Electrical Window Replacement Basement Window Replacement Soffit Patch/Repair Door Trim Wrap Overhead Garage Door Roofing Gutters r� T-(-kV\�S C WAV- 4�-A'Ah5 400.00 5,350.00 2,800.00 2.050.00 5.400.00 2.000.00 200.00 200.00 1,400.00 7,900.00 850.00 � 556 G.._ r Thank you for your business. I Total $28,550.00 Payments/Credits $0.00 Balance Due $28,550.00 1 37 28th Avenue North Suite 102 an central minnesota St. Cloud, MN 56303-4242 an HOUSING PARTNERSHIP Phone: 320.259.0393 Fax: 320.259.9590 - www.cmhp.net CENTRAL MINNESOTA HOUSING PARTNERSHIP, INC. INVOICE FOR ADMINISTRATIVE SERVICES: Elk River HRA Homeowner Rehabilitation Program Date: December 28th, 2018 Total budgeted administrative services fee for Elk River 2018 funds $15,000.00 Total of past payments: - $11,250.00 Current quarterly admin services payment request: $ 3,750.00 REMAINING 2018 FUNDS ADMIN FEE BALANCE: Central Minnesota Housing Partnership, Inc. Program Administrator ,�g 2imw Printed Name rO4 r4rh /VlGr�14 ye/� Titl Signature � �aZ// i Date A MINNESOTA �4 MN TDD 7 1 1 NONPROFIT CORPORATION ;;;,::;- EOUAL OPPORTUNITY EMPLOYER $0 'now Js PI. I Ilse OWL.,