DATE: July 28, 2020
TO: Members of the Housing & Redevelopment Authority
FROM: Melissa Hanson, Housing Coordinator
Title
2nd Quarter Income/Expense Report- Rental Properties.
Body
SUMMARY AND ACTION REQUESTED:
The Housing and Redevelopment Authority (HRA) to review 2nd quarter income and expense report for HRA owned rental properties
BACKGROUND:
The HRA owns and operates 4 rental properties containing 5 rental units. The rental units include a duplex on Washington St. S., 2 townhome units on Elianna Drive and one unit of a twin home on Hidden Valley Road. Each quarter an income and expense report is provided to HRA Board Members to review.
ANALYSIS:
Second quarter income, for all HRA owned rental property, is on track with the 2020 budget.
OPTIONS:
N/A
RECOMMENDATION:
N/A