7.1. HRSR 03-07-2022 �J
etyof
ElkRequest for Action
River
To Item Number
Housing and Redevelopment Authoritv 7.1
Agenda Section Meeting Date Prepared by
General Business March 7, 2022 Brent O'Neil, Economic Development Director
Item Description Reviewed by
HRA Housing Rehabilitation Loan Program Update Cal Portner, City Administrator
Reviewed by
Action Requested
Receive update on the Rehabilitation Loan Program.
Background/Discussion
CEE reports all accounts are current and the HRA's portfolio is performing as expected with no delinquencies
or late payments. There have been no new loans issued this period and$150,000 is available for new loan
disbursements.
This item would be an opportunity to discuss any feedback on the peer-city programs shared last month and to
consider a process for more thorough review of the loan program.
Financial Impact
N/A
Mission/Policy/Goal
The goal of the HRA is to improve existing housing stock by offering incentives or programs to repair and
maintain residential properties.
Attachments
■ CEE Monthly Loan Activity Report
The Elk River Vision
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CITY OF ELK RIVER
LOAN SERVICING REPORT
OPERATIONAL RESULTS
JANUARY 2022
Data set: February 1 st, 2022
LOAN SERVICING DEPARTMENT
cee:'
Center for Energy and Environment
DocuSign Envelope ID:FEOAF320-OA14-48F9-9A16-AC94BC97052C
Table of Contents
Dashboard
Invoice Report
Trial Balance Summary
Trial Balance Detail
Aging Delinquency Report
cee:'
Center for Energy and Environment
DocuSign Envelope ID:FEOAF320-OA14-48F9-9A16-AC94BC97052C
REFIRTINNVESTIR CITY IFELK RIVER cee
CASH PROCESSING RESULTS AS OF JANUARY 31,2022
TOTAL AMOUNT COLLECTED AS OF JANUARY 31,2022 TOTAL PRINCIPAL COLLECTED AS OF JANUARY 31,2022 TOTAL INTEREST COLLECTED AS OF JANUARY 31,2022
so.00 uo.00 noo.00 suo.00 smono nro.00 �oo.00 zsso.00 s.wo.00 Buono s3ro.00 s<oo.00 sm� u�� S��W ��� u�� ,��a� S��W
OPERATIONAL RESULTS AS OF JANUARY 31,2022
JANUARY 2022 UNPAID PRINCIPAL BALANCE UNPAID PRINCIPAL BALANCE 6 MONTH COMPARISON 6 MONTH LOAN COUNT COMPARISON
DISTRIBUTION PER LOAN a
is au m n 3
DocuSign Envelope ID:FEOAF320-OA14-48F9-9A16-AC94BC97052C
CEE SERVICING
REPORT TYPE: PRELIMINARY INVOICE REPORT cee•
DATA SET DATE: 2/1/2022
REPORTING PERIOD: Jan-22 Center-for Energy and Bnnron I
INVESTOR: CITY OF ELK RIVER 2123rd Avenue North,Sure 560
INVOICE#: 820201 Minneapolis,MN 55401
REPORTING MONTH:JANUARY 2022 Ph.:6124557885
T"�l Count of I-cian,Transferred for C...t of Actiu, Total A...nt Principal Collected Interest Collected No.Loan On- L..nT,..'f.,On- MonthIVS—icirg Delinquent Leon Total Monthly Netted Amount to
POOL Ma
L N—L.—Added Delinquent Collected During 1,rdir,Fee @ Boarding Fee" @$6/Acc.unt rag.rnent @ F— Trcuri to lin—tor
.an. S.rurving During the Month Durl ng the Month
TRA REHAB 6 0 0 170 $1,305.22 $1,094.60 $210.62 $0.00 $0G01 s3CG0j $0.00 $36.00 $1,269.22
ACCOUNT DETAIL FOR INVOICING
COLLECTEDPORTFOLIO POOLMM LOAN# PROPERTY CONTRACT DATE LOAN AMOUNT PMNT DATE PMNET AMOUNT PEN
ELK RIVER RESIDENTIAL HRAREHAB 19-015215 606 JEFFERSON LN NVJ 8/3/2015 $20,650.00 1/10/2022 $192.33 $179.14 $13.19 0 , 0 0
ELK RIVER RESIDENTIAL HRAREHAB 19-015204 14205TH ST NW 1/25/2017 $22,069.00 1/20/2022 $208.04 $182.88 $25.16 0 0 0
ELK RIVER RESI DENTI AL HRAREHAB 19-015209 609 GATES AVE NW 9/22/201] $19,665.00 1/10/2022 $18].63 $159.92 $27.71 0 0 0
ELK RIVER RESIDENTIAL HRAREHAB 19-015217 1811 MAIN ST 5/4/2018 $21,640.00 1/10/2022 $162]9 $99.00 $63]9 0 0 0
ELK RIVER RESI DENTAL HRAREHAB 19-015206 870 VERNON AVE 12/27/2018 $25,000.00 1/27/2022 $400.00 $360.36 $39.64 0 0 0
ELK RIVER RESI DENTI AL HRAREHAB 19-016564 4033RD ST NW 7/15/2019 $15,252.22 1/15/2022 $15443 $113.30 $41.13 0 0 0
DocuSign Envelope ID:FEOAF320-OA14-48F9-9A16-AC94BC97052C
CEE SERVICING
REPORT TYPE: TRIAL BALANCE REPORT SUMMARY
DATA SET DATE: 2/1/2022
REPORTING PERIOD: Jan-22 •
INVESTOR: CITY OF ELK RIVER ce e e
Center for Energy and Environment
TRIAL BALANCE PER POOL AS OF 1/31/2022
LOAN COUNT • • PRN BAL
HRA REHAB 6 $ 124,276.22 $ 73,243.58
'brand Total �&=Mfilw s 124,276.22 73,243.58
TRIAL BALANCE SUMMARY PER LOAN AS OF 1/31/2022
r LOAN# POOL PROPERTY CONTRACT DATE INT RATE LOAN AMOUNT UNPAID PRN BAL
19-015215 HRA REHAB 606 JEFFERSON LN NW 8/3/2015 2.25 $20,650.00 $7,743.88
19-015204 HRA REHAB 1420 STH ST NW 1/25/2017 2.50 $22,069.00 $11,669.56
19-015209 HRA REHAB 609 GATES AVE NW 9/22/2017 2.75 $19,665.00 $11,704.20
19-015217 HRA REHAB 1811 MAIN ST S/4/2018 4.25 $21,640.00 $17,573.33
19-015206 HRA REHAB 870 VERNON AVE 12/27/2018 4.00 $25,000.00 $12,558.96
19-016564 1 HRA REHAB 1403 3RD ST NW 17/15/20191 4.00 1 $15,2S2.221 $11,993.65
6 MONTH COMPARATIVE REPORT
REPORTED •NTH LOAN COUNME
Aug-21 7 $ 100,641.20
Sep-21 7 $ 99,440.17
Oct-21 7 $ 76,510.48
Nov-21 6 $ 75,426.65
Dec-21 6 $ 74,338.18
Jan-22 6 1 $ 73,243.58
DocuSign Envelope ID:FEOAF320-OA14-48F9-9A16-AC94BC97052C
CEE SERVICING
REPORTTYPE: TRIAL BALANCE REPORT DETAIL
DATA SET DATE: 2/1/2022
REPORTING PERIOD: Jan-22
INVESTOR: CITY OF ELK RIVER cee•'
Center for Energy and Environment
ACCOUNT DETAIL FOR ACTIVE LOANS AS OF 1/31/2022
LOAN# PORTFOLIO POOL ADDRESS CITY STATE ZIP CODE INT RATE
PRN SAL RMNGTERM
19-015215 ELK RIVER RESIDENTIAL HRA REHAB 606 JEFFERSON LN NW ELK RIVER MN SS330 2.25 CONTRACT 8/3/2015 8/1/2025 $20,650.00 120 , $7,743.88 42
19-015204 ELK RIVER RESIDENTIAL HRA REHAB 14205TH ST NW ELK RIVER MN 55333 2.50 1/25/2017 1/1/2027 $22,069.00 120 $11,669.56 59
19-015209 ELK RIVER RESIDENTIAL HRA REHAB 609 GATES AVE NW ELK RIVER MN 55334 2.75 9/22/2017 9/1/2027 $19,665.00 120 $11,704.20 67
19-015217 ELK RIVER RESIDENTIAL HRA REHAB 1811 MAIN ST ELK RIVER MN 55336 4.25 5/4/2018 5/1/2033 $21,640.00 180 $17,573.33 135
19-015206 ELK RIVER RESIDENTIAL HRA REHAB 870 VERNON AVE ELK RIVER MN SS337 4.00 12/27/2018 1/1/2029 $25,000.00 120 $12,558.96 SS
19-016564 ELK RIVER RESIDENTIAL HRA REHAB 403 3RD ST NW ELK RIVER MN 55339 4.00 7/15/2019 7/15/2029 $15,252.22 120 $11,993.: 90
DocuSign Envelope ID:FEOAF320-OA14-48F9-9A16-AC94BC97052C
CEE SERVICING
REPORTTYPE: AGING DELINQUENCY REPORT
DATASET DATE: 2/1/2022
REPORTING PERIOD: J -22
INVESTOR: CITY OF ELK RIVER cee:
AGING DELINQUENCY DETAIL PER ACCOUNTAS OF 1/31/2022 Cenrerfar EnergyeM EnNronmant
LOAN# BORROWER ADDRESS
NTRACT
PRN BAL
PD TOTAL
UE I TO 15
PD 15.
PD
PD
PD
PD UNPD LATE FEES STATUS LAST PNINT DATE LAST PRINT AIMINT
19-015215 606 JEFFERSON EN NW ,8/3/2015 , $7,743.88 ,0 ,$0.00 ,$0.00 ,$0.00 , ,$0.00 , ,$0.00 , ,$0.00 $0.00 CURRENT 1/10/2022 $192.33
19-015204 114205TH ST NV/ 1/25/2017 511,669.56 0 $0.00 $0.00 $0.00 50.00 $0.00 $0.00 50.00 CURRENT 1/20/2022 $208.04
19-015209 609 GATES AVE NW 9/22/2017 $11,704.20 0 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 CURRENT 1/10/2022 $187.63
19-01S217 1811 MAIN ST 5/4/2018 $17,573.33 0 $0.00 $0.00 $0.00 $o.00 $0.00 $0.00 $0.00 CURRENT 1/10/2022 $162.79
19-015206 870 VERNON AVE 12/27/2019 $12,558.96 0 $0.00 $0.00 $0.00 $o.00 $o.00 $0.00 $0.00 CURRENT 1/n/2022 $400.00
19-016564 4033RD ST NW 7/15/2019 $11,993.65 0 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 CURRENT 1/15/2022 $154.43