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STAFF "PORT To: Mayor and City Council Mike Morrison, City Manager From: Kim Moore -Sykes, Assistant City Manager Date: January 13, 2009 Subject; Greater Metropolitan Housing Center 2008 Annual Report Bael roue : In October 2008, Staff met with Suzanne Snyder and Denise Eloundou of the Greater Metropolitan Housing Corporation to discuss GMHC's Housing Resource Center activities to date on behalf of the City. Ms. Snyder provided status reports as of the end of September 2008, indicating that as of the end of September, the Housing Resource Center — Northeast Revolving Loan Program for the City of St. Anthony continues with approximately $29,635 remaining in the fund. Ms. Snyder indicated that while this program has funds, activity has been very slow. She reported that they have only recently received two applications (September 13, 2008 and September 29, 2008) with project cost of $19,014. Ms. Snyder then reported that the Rehab Incentive Program has approximately $34,385 program funds remaining in the pool. Whereas the Revolving Loan program loans money to eligible homeowners at 4%. the Rehab Incentive program actually rebates a percentage of the project cost back once the work is completed. This program received four requests in 2008. In answering a question about the reduced activity in the Revolving Loan and Rehab Incentive programs, Ms. Snyder stated that she felt the slumping economy may be the reason. People are not interested in taking on more debt at this tune and perhaps that is why the Revolving Loan program has been so slow this year. The economy may also be partly the reason for the slow activity in the Rehab Incentive program. She also suggested that the Housing Resource Center needs more publicity and asked if there were opportunities for the City and GMHC to partner together to get information out to the Community. In addition to providing information on the Housing Resource Center's performance for 2008, Ms. Snyder presented GMHC's 2009 Consultant Services Agreement, which she reported is basically the same as the 2008 contract. Ms. Snyder advised that the City's portion of the administrative costs to continue with the Housing Resource Center programs remains the same for 2009 at $12,500. She also reported that the City's program income is approximately $10,211 and when asked if the money could be put toward the Housing Resource Center's programs administered for the City of St. Anthony, Ms. Snyder indicated that they could. The Finance Director reported too, that the City had budgeted $12,.500 for the Housing Resource Center in 2009 as well. Attachments: GMHC Consultant Services Agreement for 2009 Resolution 09-012 Actioir Consider and Approve the Annual GMHC Consultant Services Agreement for 2009 Staff Annual GMGC Report