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7.2. HRSR 04-03-2023 Request for Action To Item Number Housing and Redevelopment Authority 7.2 Agenda Section Meeting Date Prepared by Work Session April 3, 2023 Brent O’Neil, Economic Development Director Item Description Reviewed by Review Housing Study Benchmarks Cal Portner, City Administrator Reviewed by Action Requested This item is presented for information and discussion purposes. Background/Discussion In the five years since the completion of the 2018 housing study, the city has continued to see new housing units added each year. Staff will present current housing inventory statistics relative to the needs forecasted within the study. This will help guide the HRA in its pursuit and participation in future housing projects. Financial Impact N/A Mission/Policy/Goal The goal of the HRA is to promote certain housing and redevelopment projects. Attachments  Handout – Housing Study Figures The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. Updated: January 2023