HomeMy WebLinkAbout02-17-2026 HRAA 111 Hassan
1 A Hutthnson, MN 55350
Web site::wwwhutchinsonhracom
HV TCH NON H US NG AND 51 (320)2344240 Fax
R D VFL PMENT AUTHORITY FOR
Hutchinson HRA Regular Board Meeting
February 17, 2026
Agenda
1. CALL TO ORDER- 7:00 a.m. - CITY CENTER MAIN CONFERENCE ROOM
a. Approve the Hutchinson HRA Regular Board Meeting agenda and any agenda additions and/or
corrections.
b. Declarations of conflict of interest.
2. PUBLIC COMMENTS —Citizens Addressing the HHRA Board of Commissioners
(This is an opportunity or members of the public to address the HHRA Board.If you have a question,concern or comment,please ask to be recognized by the chair—state your name and
address for the record.Please keep comments under 5 minutes.Individuals wishing to speak for more than five minutes should ask to be included on the agenda in advance of the meeting.
All comments are appreciated,but please refrain from personal or derogatory attacks on individuals)
3. CONSIDERATION OF MINUTES OF THE REGULAR BOARD MEETING ON DECEMBER 16, 2025
• No January Board Meeting because there was not a Quorum present
4. FINANCIAL REPORTS
a. City Center:
1) Consideration of City Center General Fund payments of$10,585.35 for checks 9563 to 9570
and the 1/13/2026 Visa Bill payment
2) Consideration of City Center General Fund payments of$8,815.81 for checks 9571 to 9575
3) Consideration of City Center December 2025 pre-adjustment Financial Statements
4) Consideration of City Center December 2025 adjusted Financial Statements
5) Consideration of City Center January 2026 Financial Statements
b. Park Towers:
1) Consideration of Park Towers Operating Account payments of$55,308.64 for checks 16920
to 16946, and the 1/13/2026 Visa Bill payment
2) Consideration of Park Towers Security Deposit Account payment of$350 for checks 1642
3) Consideration of Park Towers Operating Account payments of$43,203.26 for checks 16947
to 16977, and the 2/11/2026 Visa Bill payment
4) Consideration of Park Towers December 2025 pre-audit Financial Statements
5. CONSIDERATION OF 2026-1 ADOPTING 2026 HRA COMPENSATION PLAN
6. CONSIDERATION OF HAT GROUP INSURANCE RENEWAL
7. PARK TOWERS
a. Park Towers January & February Newsletters
b. Park Towers Vacancy Reports
c. Operation Updates:
1) NSPIRE Inspection
8. PROGRAM UPDATES
a. No participation in the MN Housing Fix Up Loan
b. Downtown Housing Rehab Program Update
c. Owner Occupied Rehab Programs
1) Consideration of approval of City Home Repairs Program grant: City Home Repair Grant
for 840 Dale Street SW
111 Hassan Street SE
Hutchinson., 55350
Web site:www.hutchinsonhra.com
I n h
UT H N 'N AND (320)234-4251 (320)234 4240 Fax
D VFL PMEN /U F OR
9. COMMUNICATIONS
a. MN Paid Leave Update
b. City 2026 Legislative Priorities
c. FYI: MHP's 2026 State Housing Profile
d. FYI: November& December 2025 Hutchinson Housing Market Update
e. FYI: January Freddie Mac Mortgage Rates Stable, Purchase Demand Rising
In the first full week of the new year, mortgage rates remained within a narrow range, hovering
close to the 6%mark. The combination of solid economic growth and lower rates has led to
improving momentum in for-sale residential demand, with purchase applications up over 20%
from a year ago.
• The 30-year fixed-rate mortgage averaged 6.16% as of January 8, 2026, up slightly from last
week when it averaged 6.15%. A year ago at this time, the 30-year FRM averaged 6.93%.
• The 15-year fixed-rate mortgage averaged 5.46%, up from last week when it averaged
5.44%. A year ago at this time, the 15-year FRM averaged 6.14%.
February
Freddie Mac Mortgage Rates Mortgage Rates Continue to Show Stability, Hovering Near 6%
For the last several weeks, the 30-year fixed-rate mortgage has remained at its lowest level in
years. The combination of improving affordability and availability of homes to purchase is a
positive sign for buyers and sellers heading into the spring home sales season.
• The 30-year fixed-rate mortgage averaged 6.11% as of February 5, 2026, up slightly from
last week when it averaged 6.10%. A year ago at this time, the 3 0-year FRM averaged
6.89%.
• The 15-year fixed-rate mortgage averaged 5.50%, up slightly from last week when it
averaged 5.49%. A year ago at this time, the 15-year FRM averaged 6.05%.
f. Updated Board and Staff List
10. ADJOURNMENT