Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
2010HRAYER
TOT 2010 Year End Report Rehab Loans f IIA Hutchinson Housing & Redevelopment Authority www.hutchinsonhra.ca f. RA 2010 YEAR END REPORT Hutchinson Housing & Redevelopment Authority In 2010, the HRA worked on the following housing objectives: 1. Continue to maintain strong emphasis on property management, modernization and support services at Park Towers. 2. Support rehabilitation of aging housing stock to preserve housing stock and prevent decline of neighborhoods. 3. Provide opportunities for first time homebuyers to purchase homes in Hutchinson. 4. Promote a broad spectrum of housing affordable to various income levels for young and old, family and singles, needed by a progressive community. 5. Monitor foreclosures and develop strategies to purchase/rehab/resale bank owned, short sale, vacant or blighted properties. Summary of 2010 Activities Park Towers Apartments: L Improvements: Replaced the parking lots, sidewalks and exterior lighting, replaced one boiler with an energy = efficient cascade boiler system, replaced the domestic hot water heater with an energy improved model, and replaced - the water softener. Total 2010 Park Towers improvements were $402,354.19. 2. Updated the following: Lease and Resident Handbook and prepared the 2011 Annual Plan. 3. Received a High Performer Designation by HUD on Park Towers HUD 2009 PHAS standards for operation and management. 4. Prepared and leased nineteen apartments in an average of 19 days and inspected all units, community areas and systems. 5. Continued focus on providing decent, affordable housing as well as facilitating services needed by the senior and disabled population at Park Towers. A management goal at Park Towers has been to support programs and create partnerships that address the needs of elderly residents, enhancing their ability to age in place and prevent or delay nursing home placement. Park Towers continued as a Senior Dining Program Site. 8003 meals were served at Park Towers in 2010 through the Senior Dining Program; the meal count averaged 32 meals per day. The suggested donation for a senior dining meal is $3.50. Park Towers is registered through the Minnesota Department of Health and Human Services as Housing with Services establishment. Connect Care became the contracted provider during the summer of 2001 at Park Towers offering twelve hours a day seven days per week on-site staffing Health Care Ala Carte. McLeod County also provides services at Park Towers for residents requiring less than seven days per week assistance, such as weekly housekeeping services. Ten to twenty Park Towers residents per day receive services through ConnectCare. The Park Tower's 2010 budget included funding for Tenant Services to create a monthly activities calendar. 2010 Hutchinson HRA Year End Report 3/17/2011 Page 1 of 7 Pages City Center: Rehabilitation 1. NE Neighborhood SCDP rehab program financial assistance to low and moderate -income homeowners whose homes need SCDP - $18,726; City Revolving - $5,000; Personal Funds - $2,553; SWMHP Green The primary Federal Objective is to provide rehabilitation. The secondary impact is to encourage the preservation of housing and improve the NE neighborhood. Eleven SCDP rehab loans were originated during 2010. These homeowners received a 0% deferred loan with no payments, forgiven after ten years. The SCDP loan covers 70% of the repair costs. A $400,000 SCDP grant was approved by DEED in April 2010 to rehab 20 owner occupied homes in the NE Neighborhood. 2. Home Rental Rehab Program The HRA administered a Home Rental Rehab project for Westgate Apartments in New Prague. In addition Minnesota Housing Finance (MHFA) asked the HRA to administer a multi -family HOME Rental Rehab project in Litchfield and Pipestone. 3. Minnesota Housing (MHFA) Rehabilitation (RLP) Program — Funds for four owner occupied rehab loan projects were disbursed. The MHFA Rehabilitation Program is a 0% deferred loan forgiven after fifteen years that stresses safety, livability, and accessibility for families with very low incomes who own their homes. 4. Minnesota Housing Finance (MHFA) Fix Up Fund and Community. Ftp Fund Home Improvement Programs — Administered the Fix Up Fund in Hutchinson and the Community Fix -Up Fund Home Improvement Loan Program. Nine Fix Up Fund loans and sixteen Community Fix Up Fund loans were originated. 5. Minnesota Housing Finance Energy Rebate Program — $42,929.64 in energy rebates were disbursed to sixteen homeowners. These energy rebates were in conjunction with the CFUF and FUF loan program. Before After Weatherization - $8,095; MHFA RLP - $6,158; Radon Grant $500; SCDP - $15,535 = Total $30,288 First Time Homebuyer Programs 1. Administered the Hutchinson Home Purchase Opportunity Program (HHPOP) providing below market interest mortgages (CASA), affordability gap and entry cost assistance to support the purchase of starter homes affordable for incomes typical for the wages in our community. • Five CASA homebuyers were assisted in 2010. First time homebuyer funding helps support successful homeownership, stabilizes neighborhoods, and supports the city tax base. Along with CASA funding, HAF and HOME HELP and HRA Entry Cost Assistance is available for first time homebuyers to purchase a home in Hutchinson. • Also, nineteen Minnesota Mortgage Program Loans were done by MHFA's Platinum Level Top Producer, Cornerstone Mortgage. 2010 Hutchinson HRA Year End Report 3/17/2011 Page 2 of 7 Pages Foreclosure Remediation 1. The HRA purchased a vacant, short sale home at 1116 Lewis Avenue in December 2010 as part of the HRA adopted foreclosure/short sale purchase/rehab/resale project. The HRA partnered with the school construction program to rehab the house. The house was sold in October 2010 for the tax statement market value. 1116 Lewis Avenue SW Before After 2. 755 Milwaukee Ave SW and 925 Stevens St SW were purchased for rehab in 2011. Rehab is scheduled to be completed in June 2011. Trends: 1. Rental Housing Market Rate General Occunancv Rental The General Occupancy vacancy rate in 2009 was 14.90% compared to 10.31% in 2010. A 5.0% vacancy rate is considered a healthy vacancy rate to allow for turnover and consumer choice. Since 1999, the rental vacancy rate has fluctuated from 1.00% to last year's high vacancy rate of 14.9% due to area layoffs. The Maxfield Housing Study recommends that no additional market rate general occupancy units be built until the demand has increased to a level sufficient enough to support the development without adversely affecting the existing rental market (vacancy rate generally in the 2.0% range or less). Because of the current vacancy rate and market conditions, no General Occupancy rental housing development will be needed during 2011. 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% Market Rate General Occupancy Vacancy Rate 14.90% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2010 Hutchinson HRA Year End Report 3/17/2011 Page 3 of 7 Pages Subsidized General Occupancy Rental The Vacancy Survey completed in 2010, showed the vacancy rate of subsidized general occupancy projects at a 1.65% vacancy rate. The Maxfield Study does not recommend the development of additional affordable/subsidized rental housing in Hutchinson in the short term. Vacancies in subsidized developments should typically fall around 2.0% - 3.0%. Vacancy rates substantially above 5.0% usually indicate that demand is soft or that there is a mismatch between the supply and demand. Senior Housing The 2010 vacancy rate for senior housing was 3.64%. Maxfield Research Group updated the 2004 Maxfield Study in June of 2007 and found that due to the current low vacancy rates among senior developments in Hutchinson, there is some pent-up demand for senior housing. Due to the economies of scale, new senior housing requires the demand of a minimum of 40 to 50 units to make a project feasible. As the numbers of seniors grow in the coming years, there will be a future need and most likely will be filled by the Hutchinson Area Health Care proposed senior campus. 15.00% 10.00% 5.00% 0.00% 2010 Vacancy Rates Market Rate General Occupancy Subsidized General Occupancy Senior Rental Housing 2. Homeownership Even though the housing market slowed and foreclosures impacted re -sales, there were good opportunities for buyers, especially first time homebuyers who had good credit and were mortgage ready. Interest rates remained low in 2010. Mortgage Interest Rates Year Conventional Rate CASA Rate 2000 7.0%-8.0% 2001 6.75% - 7.25% 2002 5.85% 5.625% 2003 5.81% 5.25% 2004 5.75% 5.25% 2005 6.125% 5.5% 2006 year end 6.125% 5.75% 2007 year end 5.75 — 5.875% 5.5% 2008 year end 4.75-5.25% 5.5% 2009 year end 5.25% 4.75% 2010 year end 5.125% 4.75% 2010 Hutchinson HRA Year End Report 3/17/2011 Page 4 of 7 Pages According to information from McLeod County, in 2010 there were 216 sales in Hutchinson with an average sales price of $131,920 and a median sales price of $121,600. According to information from Regional Multiple Listing Service of Minnesota, Inc. the 2010 median sales price in Hutchinson was $131,000 compared to $124,950 in 2009, an increase of 4.8%. There were 222 sales in 2010 compared to 211 sales in 2009, an increase of 5.2%. Out of those 222 sales, 151 were traditional, 46 were foreclosures, and 26 were short sales. The majority of short sales and foreclosure sales were below $119,899 while the majority of traditional sales were below $159,899. During 2010 there were 167 active listings compared to 186 active listings in 2009. Home sales in Hutchinson are expected to remain slow in 2011 until unemployment rates decline. Interest rates are currently low, but interest rates are predicted to trend upward in 2011. In 2008 there were 42 foreclosure sales in the City of Hutchinson, in 2009 there were fifty foreclosure sales in the City of Hutchinson in 2009, and in 2010 there were 62 foreclosures in the City of Hutchinson, an increase of 24% from 2009. (An additional 30 foreclosure sales were scheduled in 2010 but were subsequently cancelled.) Currently, thirty five foreclosure sales are scheduled through March 24, 2011. At that rate, we will see well over 100 foreclosure sales for 2011; however, it is difficult to predict how many of these will be cancelled. Foreclosures will be addressed in a supplementary report to this yearend report and will be available after the state foreclosure numbers are released. The 2010 median family income for McLeod County was $71,600. Based on a household being able to afford a home priced at 2.5 times their income, not factoring in savings or debt that they may have, a household would need an income of $48,600 to afford a home priced at $121,600, the 2010 median sales price of a house. 3. Housing Construction in Hutchinson According to the City of Hutchinson, Planning/Zoning/Building Department, there were 7 single family homes built in 2010 compared to 4 single family homes built in 2009. There is an adequate supply of residential lots available with 314 lots as of January 1, 2011 compared with 317 vacant lots as of January 1, 2009. 2010 Hutchinson HRA Year End Report 3/17/2011 Page 5 of 7 Pages HOME RESALES CITY OF HUTCHINSON 2001throu h2010 Year 2010 20092005 2007 2006 2005 2004 2003 2002 2001 P rirw R-- N. Prt N. Prt N. Prt N. Prt N. Prt \. Prt N. Prt N. Prt N. Prt N. Prt Under$50,000 24 11.1 9 4.2 6 2.7 5 1.8 6 1.6 2 0.5 1 0.3 2 0.7 0 0.0 8 2.2 $ 50,000 to $ 74,999 16 7.4 27 12.5 11 4.9 6 2.2 10 2.6 8 2.1 9 W PN 32 20 6.3 24 6.6 $ 75,000 to$ 99,999 32 14.8 36 16.7 23 10.2 17 6.1 22 5.8 28 7.3 25 8.3 33 11.8 58 18.3 80 22.1 $ 100,000 to $ 124,999 38 17.6 47 218 43 19.0 39 14.0 56 14.8 56 14.7 50 16.7 62 22.1 82 25.9 102 282 $ 125,000 to $ 149,999 38 17.6 46 21.3 34 15.0 63 22.6 67 17.7 86 22.6 88 29.3 83 29.6 76 24.0 73 20.2 $ 150,000 to $ 174,999 23 10.6 20 9.3 51 22.6 59 211 88 232 83 218 50 16.7 39 13.9 36 11.4 38 10.5 $ 175,000 to $ 199,999 12 5.6 12 5.6 22 9.7 36 12.9 45 11.9 46 12.1 28 9.3 24 8.6 21 6.6 16 4.4 200000+ 33 153 19 8.8 3 54 19.4 85 22A 72 18.9 49 163 28 10.0 24 7.6 21 5.8 To tal i 216 100.0 216 100.Oi 226 100.Oi 279 100.0 379 100.0 381 100.0 300 100.Oi 280 100.01 317 100.0 362 100.0 Median 1 $ 121600 S 117,7 5 0 $ 146,750 S 157,900 S 158,000 S 152,000 S 138,000 IS135,000 $ 124,600 $ 119,9 0 0 •2004 resale breakdown numbers includes some sales not included in median calc. .Sources: P eters o n -P auls en As s o ciate s Inc. Re alto Maxfield Research Inc. 1McLeod Count Assessor's Office Home sales in Hutchinson are expected to remain slow in 2011 until unemployment rates decline. Interest rates are currently low, but interest rates are predicted to trend upward in 2011. In 2008 there were 42 foreclosure sales in the City of Hutchinson, in 2009 there were fifty foreclosure sales in the City of Hutchinson in 2009, and in 2010 there were 62 foreclosures in the City of Hutchinson, an increase of 24% from 2009. (An additional 30 foreclosure sales were scheduled in 2010 but were subsequently cancelled.) Currently, thirty five foreclosure sales are scheduled through March 24, 2011. At that rate, we will see well over 100 foreclosure sales for 2011; however, it is difficult to predict how many of these will be cancelled. Foreclosures will be addressed in a supplementary report to this yearend report and will be available after the state foreclosure numbers are released. The 2010 median family income for McLeod County was $71,600. Based on a household being able to afford a home priced at 2.5 times their income, not factoring in savings or debt that they may have, a household would need an income of $48,600 to afford a home priced at $121,600, the 2010 median sales price of a house. 3. Housing Construction in Hutchinson According to the City of Hutchinson, Planning/Zoning/Building Department, there were 7 single family homes built in 2010 compared to 4 single family homes built in 2009. There is an adequate supply of residential lots available with 314 lots as of January 1, 2011 compared with 317 vacant lots as of January 1, 2009. 2010 Hutchinson HRA Year End Report 3/17/2011 Page 5 of 7 Pages Residential Lots Available as of January 1, 2011 inn 397 318 292 292 331 317 214 323 314 254 1001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Number of New Residential Construction oil a -I � r City of Hutchinson Vacant Lots ----- citylimits Vac -lots -January -2011 New Additions 2010 Hutchinson HRA Year End Report 3/17/2011 Page 6 of 7 Pages ■^1 -�� - 11[ •�" i� 11 fill IIIA If!! 1. ;x.,-�.• •,W, �' 1 ■i l11 _yam .......... ."�„ •`':'��E.' FA +}+.:� __- ._••117!..•_ - _='- _ 11�III '� ___ _: 'i� - 4 �_ i �� - Fes Number of New Residential Construction oil a -I � r City of Hutchinson Vacant Lots ----- citylimits Vac -lots -January -2011 New Additions 2010 Hutchinson HRA Year End Report 3/17/2011 Page 6 of 7 Pages Hutchinson HRA Priorities for 2011: Home Ownership • Apply for 2011 Workforce Housing CASA funding. Hutchinson. The HRA will continue to support first time homebuyer efforts to purchase both new and existing homes in Hutchinson. This funding is especially needed to stimulate sales of foreclosures. The HRA has committed $30,000 in funding for entry cost assistance for the 2011 CASA Workforce Initiative. • Continue administration of the SCDP rehab project for the NE neighborhood. Look into feasibility of applying for more SCDP funding for the areas hardest hit by foreclosures. • Administer the Minnesota Housing Fix Up Fund and Community Fix Up Fund discount loan program (4% interest rate) targeted to the NE neighborhood or to loans involving at least one home energy improvement in Hutchinson. • The HRA will continue to focus on foreclosure recovery efforts to purchase/rehab/resale eligible foreclosed or at risk of foreclosure properties. The HRA has received foreclosure recovery funding from MHFA and the Greater Minnesota Housing Fund for the purchase/rehab/resale of vacant, short sale or bank owed homes in Hutchinson. Work with the city to pursue feasibility of purchasing a nuisance property requiring demolition. • As of 12/3 1/20 10 there is $91,505 in City of Hutchinson SCDP New Construction Revolving loan funds for affordability gap; however $35,000 is reserved for the 2010 School Construction House. The City of Hutchinson has $446,298 in SCDP housing affordability gap loans receivable, this funding has assisted over fifty homebuyers in Hutchinson. • As of 12/31/2010 there is $5,830.51 in SCDP Rehab Revolving loan funds available. • As of 12/31/2010 there is $149,195.56 in HRA Entry Cost Notes Receivable. Rental • With a general occupancy vacancy rate of 10.3% no general occupancy rental projects are recommended for 2011. • An updated energy audit will be prepared for Park Towers. A Capital Fund Plan will be developed for 2012. G: HRA/Year End Report/2010 HRA Yearend report 2010 Hutchinson HRA Year End Report 3/17/2011 Page 7 of 7 Pages Appendix Index A HRA City Center Program Allocations B City of Hutchinson Housing SCDP Revolving Loans and Balances C 2010 Hutchinson Apartment Vacancies D 2010 Hutchinson Home Resales E Regional Multiple Listing Service of MN, Inc. Sales Data F StarTribune Article, "Twin Cities home values decline at record pace" G Hutchinson Unemployment Rate H State and National Unemployment Rates HRA City Center Program Allocations Source Program Use Committed Date Committed Comments Commitment Expires Expended 8/10 HRA CFUF Green Deferred Loan $27,500 Mar -10 1500 x 18 2 years HRA CASA Workforce Initiative Entry Cost Assistance $30,000 Jan -11 $3,000 X 10 1 year HRA Foreclosure Remediation Entry Cost Assistance $30,000 Aug -09 $5,000 x 6 3 years HRA Deferred Rehab Loan NE $30,000 Aug -09 $5,000 x 6 3 years HRA Purchase house for rehab school construction Total HRA $117,500 City of Hutch -Rehab Revolving Foreclosure Remediation Rehab Cons Loan $40,000 Aug -09 Recycled total of 6 3 years $40,000 City of Hutch -Rehab Revolving Revolving Rehab Loan NE $10,000 Aug -09 $5,000 x 2 3 years City of Hutch-HHPOP Revolving Foreclosure Remediation Revolving Afford Gap $60,000 Aug -09 $10,000 x 6 3 years Total City of Hutch $110,000 DEED-SCDP NE Neighborhood Rehab $ 399,200.00 16 -Apr -10 20 homes 2 years Greater MN Hsg Fund Foreclosure Remediation Purchase/Rehab $ 125,000.00 Jul -09 6 homes 3 years $ 74,000.00 MHFA Foreclosure Remediation Equity Gap $ 90,000.00 Jul -09 6 households 3 years MHFA Foreclosure Remediation Value Gap $ 105,000.00 Feb -10 3 homes 2 years MHFA NE Neighborhood Rehab $ 30,600.00 Feb -10 4 homes 2 years MHFA CFUF Interest Rate Discount 17,200 Feb -10 10 homes 2 years Total Other Sources $ 767,000.00 $ 994,500.00 Total All Sources $ 994,500.00 *Does not include NE Neighborhood Rehab Owner Matches City of Hutchinson Housing SCDP Revolving Loan Balance 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Balance as of 12/31/1999 $23,746.70 23,746.70 2000 Revenues (9/30/1999-9/30/2000) Source Date Amount Rehab Cum. Heidecker 1/28/2000 $100.00 Balance 2/29/2000 $80.00 4/18/2000 $80.00 5/25/2000 $80.00 7/13/2000 $80.00 8/29/2000 $80.00 Total 2000 Revenues $500.00 Balance as of 1213112000 24,246.70 $24,246.70 2001 Revenues (9/30/2000 - 9/30/2001) Source Date Amount Source Date Amount Rehab Cum. Halek 6/22/2001 138.12 Hexum 6/6/2001 1,450.98 Balance *Heidecker 6/27/2001 9988.81 Halek 7/16/2001 138.12 1,450.98 *Halek 7/25/2001 7224.63 (*Loan Payoff) $17,489.68 Available Balances as of 12131101 $43,187.36 41,736.38 2002 Revenues (9/30/2001 - 9/30/2002) Source Date Amount Rehab Cum. Balance Keeler 2/21/2002 8,286.43 Luebke 9/3/2002 13,695.50 Total 21,981.93 Available Balances as of 09/04/02 41,736.38 23,432.91 $65,169.29 2003 Revenues (9/30/2002 - 9/30/2003) Source Date Amount Rehab Cum. Todnem* 12/5/2002 11,941.29 Balance * Closed after reporting period to DTED 9/30/2002 41,736.38 Available Balances as of 09/30/03 35,374.20 77,110.58 1 of 3 City of Hutchinson Housing SCDP Revolving Loan Balance 2004 Revenues (9/30/2003 - 9/30/2004) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount M & T Anderson 5/5/2004 7,910.00 G& S Wegner 5/18/2004 7,756.90 15,666.90 41,736.38 51,041.10 92,777.48 2005 Revenues (9/30/2004 - 9/30/2005) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance 41,736.38 Source Date Amount Source Date Amount Voelkel 3/9/2005 11751.46 Todnem 12/22/2004 $15,426 11,751.46 Johnson 4/29/2005 $12,801.60 Loans Made 3 Loans 27,736.00 Reused in 2005 $28,228 * See Detail Sheet Active Program -15,984.54 41,736.38 35,056.56 Total 0.00 $ 76,792.94 2006 Revenues (9/30/2005 - 9/30/2006) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Wegner 5/12/2006 6,645.00 1 Loans Mad $6,447.07 Reused in 2006 6,645.00 * See Detail Sheet Active Program 41,736.38 28,609.49 0.00 $ 70,345.87 2007 Revenues (9/30/2006 - 9/30/2007) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Source Date Amount Schauer 12/7/2006 6,966.00 Iverson 1/16/2007 15,547.50 2 Loans Mad $12,460.00 * See Detail Sheet 41,736.381 28,609.491 10,053.501 1 $ 80,399.37 2 of 3 2008 Revenues (9/30/2007 - 9/30/2008) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Source Date Amount Konerza 4/22/2008 1,375.00 2 Loans Madj $9,446.50 1 Loans Mad $10,053.50 * See Detail Sheet *See Detail Sheet 41,736.38 20,537.99 0.00 $ 62,274.37 2009 Revenues (9/30/2008 - 9/30/2009) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Source Date Amount Source Date Amount Kamrath 5-09to9-09 463.00 1 Loans M $2,850.47 * See Detail Sheet 2 Loans Mad $10,537.99 _ Loans Ma $0.00 * See Detail Sheet *See Detail Sheet 39,348.91 10,000.00 0.00 $ 49,348.91 2010 Revenues (9/30/2009 - 9/30/2010) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Source Date Amount Source Date Amount Kamrath 10-09to9-10 1,203.80 1 Loans M $40,000.00 0 Loans Madj $0.00 _Loans Ma $0.00 * See Detail Sheet * See Detail Sheet * See Detail Sheet 552.71 10,000.00 0.00 $ 10,552.71 2011 Revenues (9/30/2010 - 9/30/2011) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Source Date Amount Source Date Amount Kamrath 10-1Oto12-11 277.80 1 Loans Mad $5,000.00 OLoans M $0.00 * See Detail Sheet * See Detail Sheet 830.51 5,000.00 All Available Balances as of 12/31/2010 830.51 5,000.00 1 0.00 1 $5,830.51 G:HRA/City Housing Rehab Revolving/City of Hutchinson Revolving Loan Balance 12/31/2010 3 of 3 2005 Loans Made 1988 SCDP Program Income Revolving Rehab Loan Progr Source IDate lAmount 2006 Loans Made 1988 SCDP Program Income Revolving Rehab Loan Progr Source Date lAmount 2006 Loans Made 1988 SCDP Program Income Revolving Rehab Loan Progr Source Date lAmount (9/30/2004 - 9/30/2005) 1997 SCDP Program Income Revolving Rehab Loan Program Source Date Amount Konerza 12/21/2004 $1,375.00 Due: 5/1/2008 Admin $1,000.00 Goble 12/28/2004 $11,795.00 Due: 7/1/2029 Admin $1,000.00 Aydt 4/21/2005 $11,566.00 Due: 11/1/2020 Admin $1,000.00 Total 1 $27,736.00 79/30/2005 - 9/30/2006) 1997 SCDP Program Income Revolving Rehab Loan Program Source Date Amount Worden 7/24/2006 $5,447.07 Due: 6/1/2035 Admini $1,000.00 Total 1 $6,447.07 1997 SCDP Program Income Revolving Rehab Loan Program Source I Date lAmount 2002 SCDP Program Income Revolving Rehab Loan Program Source I Date Amount 2002 SCDP Program Income Revolving Rehab Loan Program Source I Date Amount 2002 SCDP Program Income Revolving Rehab Loan Program Source Date Amount Schuette 8/15/2007 $4,4 Due: 8/15/2037 Admin $1, Schmeling 9/14/2007 $5, Due: 9/14/2037 Admini $1, 11 11 2007 SCDP Program Income Revolving Rehab Loan Program Source Date lAmount 2007 SCDP Program Income Revolving Rehab Loan Program Source Date lAmount 2007 SCDP Program Income Revolving Rehab Loan Program Source Date lAmount Total Rehab $27,736 Total Rehab Total Rehab 7. Total 1 $12,460.00 1 1 1 1 $12,460.00 1 of 3 2008 Loans Made 1988 SCDP Program Income Revolving Rehab Loan Progr Source IDate lAmount 1997 SCDP Program Income 2002 SCDP Program Income Revolving Rehab Loan Program Revolving Rehab Loan Program Source Date Amount Source Date Amount Melancon 1/23/2008 $1,446.50 Peterson 10/2/2007 $5,000 Due: 112312038 Due: 101212037 Admin $1,500.00 Admin $1,500 Billiet 3/21/2008 $5,000.00 Melancon 1/23/2008 $3,553.50 Due: 312112038 Due: 112312038 Admini $1,500.00 Admin $0 2007 SCDP Program Income Revolving Rehab Loan Program Source Date lAmount Total Rehab Total 1 $9,446.50 1 1 Total 1 $10,053.50 1 1 1 1 $19,500.001 2009 Loans Made (9/30/2008 - 9/30/2009) 1988 SCDP Program Income 1997 SCDP Program Income Revolving Rehab Loan Prograi Revolving Rehab Loan Program Source Date Amount Source Date Amount Kamrath 4/30/2009 $2,550.47 Otto 4/28/2009 $5,000.00 Interest: 6.5% Due: 412812039 Last Payment: 111712011 Admin $1 500.00 2002 SCDP Program Income Revolving Rehab Loan Program Source I Date Amount 2007 SCDP Program Income Revolving Rehab Loan Program Source Date lAmount Total Rehab Payment: $92.60 Stammer 9/29/2009 $4,000.00 Admin $300 Due: 912912039 $13,388.46 Total 1 $2,850.47 Admini $37.99 2010 Loans Made 1988 SCDP Program Income Revolving Rehab Loan Progra Source Date Amount HHRA I Mar -101 $40,000 Due: At Sale ofHome Total 1 $40,000.00 Total 1 $10,537.99 79/30/2009 - 9/30/2010) 1997 SCDP Program Income Revolving Rehab Loan Program Source I Date lAmount 2002 SCDP Program Income Revolving Rehab Loan Program Source I Date Amount 2 of 3 2007 SCDP Program Income Revolving Rehab Loan Progra Source Date lAmount Total Rehab 2011 Loans Made (9/30/2010 - 9/30/2011) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Total Revolving Rehab Loan Prograi Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Rehab Source Date Amount Source Date Amount Source Date Amount Source Date Amount Damlow 10/29/2010 $5,000 Due: 10/29/2040 Total $5,000.00 3 of 3 City of Hutchinson Housing SCDP Revolving Loan Balance 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance $0.00 2000 Revenues (9/30/1999-9/30/2000) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance $0.00 2001 Revenues (9/30/2000 - 9/30/2001) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance $0.00 2002 Revenues (9/30/2001 - 9/30/2002) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance $0.00 2003 Revenues (9/30/2002 - 9/30/2003) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Johnson 2/21/2003 7,750.00 Deboer 5/30/2003 13,755.00 Glieden 9/25/2003 18,000.00 69,505.00 Bunn 9/26/2003 30,000.00 Total 69,505.00 0.00 2004 Revenues (9/30/2003 - 9/30/2004) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Sorgatz 2/6/2004 30,000.00 Schwartz 3/15/2004 18,000.00 Blum 5/28/2004 18,000.00 Trana 6/30/2004 18,000.00 Total 84,000.00 0.00 153,505.00 2005 Revenues (9/30/2004 - 9/30/2005) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Blomer 2/22/2005 $18,000.00 Carlson 4/21/2005 $18,000.00 Eck 6/24/2005 $18,000.00 Schramm 7/22/2005 $20,000.00 Total $74,000.00 Loans Made 9 Loans $105,000.00 * See Detail Sheet -$31,000.00 $122,505.00 $0.00 $122,505.00 2006 Revenues (9/30/2005 - 9/30/2006) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Cruser 12/20/2005 $18,000.00 Olsen 3/24/2006 $18,000.00 Kenning 5/26/2006 $18,000.00 $54,000.00 Loans Made 8 Loans $106,000.00 * See Detail Sheet 1 -$52,000.001 1 $0.001 $70,505.00 2007 Revenues (9/30/2006 - 9/30/2007) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Recycled New Const. Loan Program Revolving New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Peterson 6/27/2007 $10,000.00 Loans Made Ebert 7/20/2007 $5,000.00 3 Loans $45,000.00 * See Detail Sheet 0 Loans * See Detail Sheet -$45,000.00 $15,000.00 $25,505.00 $15,000.00 $40,505.00 2008 Revenues (9/30/2007 - 9/30/2008) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Artibee 11/13/2007 $10,000.00 Paterson 1/30/2008 $10,000.00 Bjorge 5/1/2008 $10,000.00 0 Loans * See Detail Sheet $30,000.00 $25,505.00 $45,000.00 $70,505.00 2009 Revenues (9/30/2008 - 9/30/2009) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Dostal 10/31/2008 $20,000.00 Zeiher 5/26/2009 $18,000.00 Total $38,000.00 0 Loans 0 1 Loans $35,000.00 * See Detail Sheet * See Detail Sheet $63,505.00 1 $10,000.00 $73,505.00 2010 Revenues (9/30/2009 - 9/30/2010) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Demell 4/26/2010 $18,000.00 Total $18,000.00 0 Loans 0 Loans $0.00 * See Detail Sheet * See Detail Sheet $81,505.00 $10,000.00 $91,505.00 All Available Balances as of 12/31/2010 $91,505.00 DTED Loans/Mortgages Closing Total # Loan # Name sen, Jill M. 8703 Ebnet, Laura Site RM Date DTED Funding I/ $18,000 3/30/2000 $18,000 $18,000 1 2 3 8704 c ,o y M. ,000 4 706 Glieden, Jessica M. A� RM 4/21/2000 $18,000 $18,000 5 8707 Johnson, Darlene RM 4/28/2000 $20,000 $20,000 6 708 Blomer, Brian Ilm'RM 4/28/2000 $18,000 $18,000 _ 7 8710 Erdman, Amy A. IVH 5/31/2000 $18,000 $18,000 8 8711 Schramm, Christopher IVH 6/17/2000 $20,UUU $20,000 9 8712 Johnson, Trevor IVH 2/21/2003 $7,750 $7,750 10 8713 Deboer, Joshua RM 6/29/2000 $13,755 $13,755 11 k714 Trana, Wayne * RM 6/29/2000 $18,000 $18,000 12 8721 Levine, Amy M. RM 9/22/2000 $18,000 $18,000 13 8722 Miller, Shalee IVH 9/28/2000 $20,000 $20,000 14 8723 Buresh, Thomas IVH 9/28/2000 $16,000 $16,000 15 8725 Gruenhagen, Deeann RM 9/29/2000 $20,000 $20,000 16 8726 Ziemann, Racquel IVH 9/29/2000 $18,000 $18,000 17 8727 Zeiher, Cory A. 10/12/2000 $18 $18,000 18 8729 Dostdal, Joshua RM 1/31/2001 $20,000 $20,000 19 8730 Stanton, Christopher RM 2/1/2001 $10,848 $10,848 20 8731 Schwartz, Melanie M. RM $18,000 $18,000 21 8732 Bunn, Ben & Rhonda RM 4/27/2001 $30,000 $30,000 22 8733 Carlson, Carl R. RM 5/31/2001 $18,000 $18,000 23 8734 Kenning, Heidi RM 7/31/2001 $18,000 $18,000 24 6 Sorgj"ulie A. IVH 10/1/2001 $30,000 $30,000 25 8737 Rath, Lori A. IVH 11/1/2001 $18,000 $18,000 26 8738 Mackinnon, Phyllis M. RM 11/22/2001 $20,000 $20,000 27 8739 Cruser, Preston & Megan RM $18,000 28 8740 Demell, Dale & Jayna RM 1/18/2002 $18,000 $18,000 29 741 Misty Bjgm � RM 1/24/2002 $1.L000 $18,000 30 8745 Krienke, N. & Dahlke A RM 11/1/2002 $12,450 $12,450 -Satisfied Total $546,803 Total Less Satisfied $209,298 DTED Loans/Mortgages Satisfied DTED Loans Date Satisf. 1 8712 Johnson, Trevor IVH 2/21/2003 $7,750 2 8713 Deboer, Joshua RM 5/30/2003 $13,755 3 8706 Glieden, Jessica M. RM 9/25/2003 $18,000 4 8732 Bunn, Ben & Rhonda RM 9/26/2003 $30,000 5 8736 Sorgatz, Julie A. IVH 2/6/2004 $30,000 6 8731 Schwartz, Melanie M. RM 3/15/2004 $18,000 7 8741 Misty Blum RM 5/28/2004 $18,000 8 8714 Trana, Wayne RM 6/30/2004 $18,000 9 8708 Blomer, Brian RM 2/22/2005 $18,000 10 8733 Carlson, Carl R. RM 4/21/2005 $18,000 11 8704 Eck, Jody M. RM 6/24/2005 $18,000 12 8711 Schramm, Christopher IVH 7/22/2005 $20,000 13 8739 Cruser, Preston & Megan RM 12/20/2005 $18,000 14 8700 Olsen, Jill M. RM 3/24/2006 $18,000 15 8734 Kenning, Heidi RM 5/26/2006 $18,000 16 8729 Dostdal, Joshua RM 10/31/2008 $20,000 17 8727 Zeiher, Cory A. IVH 5/26/2009 $18,000 18 8740 Derrell, Dale & Jayna RM 4/26/2010 $18,000 19 Total $337,505 G:/HRA/DTED/Dted Loan Log 4/26/2010 W I'D o0 J 01 N W N W N N N N N N N N N N 00 J 01 W N k 0 O `O 00 J C\ �� W N r- O `O 00 J C\ (-"IW Q � o0 b y 00 00 00 00 00 00 fD 00 00 00 00 00 00 00 N 00 00 00 00 00 00 00 00 00 00 00 00 C �i 00 00 00 00 00 00 �+ 00 00 00 00 00 00 00 w 00 00 00 00 00 00 00 00 00 00 00 00 0 00 0 0 0 0 0 00 00 01 Vi O w 00 J 01 Vi r- 00 N `O W N 00 --1 C1 Vi � W i--, O CD C �d Q CG O D C O (D (bD D -s 0 U O CD v' T `C�CD N �n U4 O D n CD CD O _ b CCD O CD O rD CDCD O C -D CD U�4 Or FL 5 Q GQCD OCCD CDD J O\ O\ W `O 00 00 J C\ Vi W Vi W N N �- W M r- W 0NO0�N0 VNO0�N VNO0�N 0NO0�N0 0NO0�N0W p�. fD 0 0 00 00 00 D 00 � � � � V, V V, V, V V V CD w w C1 oo W J C1 J J J w w O W O w J o W W oo J oo W 0O J J w m n I'D O 00 O O _r7 A� I� O C\ Vi O 00 00 O\ J r- C\ O w Vi W W W C 0O vi N `O O N O vi J O\ O\ o -- O D I~ I�s I&S y I&S IDS 0 0 0. o O V, V, V, V, V, V, V, c�, c�, 0 0 0 0 0 0 O O 0 0 0 0 0 0 `". 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ds 6A 66 66 bA bA bA bA 6A bA bA bA bA bA bA bA bA bA 6A CA 6A 6A 6A 6A bA SA 6A bA bA bA bA bAN (n N N N N N N N N N N N bA W \c \z to A W � O JJ Q f � ff A fA �\c = p J J to .. .. .. .. .. .. .. O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O TO W 2010 Grouped Vacancies (October 2010) AptName #of 1 BD Senior Housing 1 BD Vacancy #of 2 BD 2 BD Vacancy #of 3 BD 3 BD Vacancy Notes Evergreen 61 6 0 0 0 0 Jefferson Court 0 0 11 0 0 0 Leona Apt. 15 0 0 0 0 0 Mansard Apt. 1 0 11 0 0 0 The Oaks 29 4 3 1 0 0 The Oaks -Memory Care 8 1 0 0 0 0 Park Towers 100 0 1 0 0 0 The Pines 40 0 10 0 0 0 Prince of Peace Retirement Living 28 0 12 0 0 0 Totals 282 11 48 1 0 0 Total BR Total Vac't Vacancy Rates: 3.90 2.08 0.00 330 12 3.64% Senior Housing AptName General Occupancy - Non Market Rate #of 1 BD 1 BD Vacancy #of 2 BD 2 BD Vacancy #of 3 BD 3 BD Vacancy Notes Apollo Apt. 3 0 7 1 0 0 Century Court Apt. 5 0 7 0 4 0 Clinton House Apt. 16 0 24 0 12 0 Huski Townhomes 0 0 0 0 32 2 North Place Apt. 15 0 9 0 0 0 Ridgedale Square 2 0 34 0 12 0 South Place - Fire Damage Valley View Apt. 8 0 46 1 6 0 Totals 49 0 127 2 66 2 Total BR Total Vac't Vacancy Rates: 0.00 1.57 3.03 242 4 1.65% Subsidized Combined Total 1212 82 (all 3 groups) 6.77% 2010 Grouped Vacancies (October 2010) AptName General Occupancy - Market Rate #of 1 BD 1 BD Vacancy #of 2 BD 2 BD Vacancy #of 3 BD 3 BD Vacancy Notes 1200 Bradford 0 0 2 0 2 0 1210 Bradford 0 0 4 0 0 0 1214 Bradford 0 0 4 0 0 0 Alexander 0 0 10 0 0 0 1-eff vac California Apt. 1 0 2 0 1 0 California St. Apts. 0 0 6 0 1 1 Century Court Apt. 16 0 40 4 24 0 Colonial Apt. 3 1 4 0 0 0 1-eff no vac Country Club Manor 21 2 50 3 0 0 2- eff vac Dawson Property 2 0 0 0 0 0 1-eff vac Deer Park (P,,,,,., A--) 20 0 105 27 12 1 Downtown Apt. 3 2 1 1 0 0 Edgewood Apt. 1 0 7 0 0 0 Fairlane Apt. 9 1 15 3 0 0 Golfview Apts. 1 0 MM 9 0 2 0 Heritage Square 0 0 24 0 0 0 Hillside Apt. 1 1 3 1 2 0 2 -eff no vac Hutch Jefferson 1 0 11 1 0 0 Luhman Apt. 0 0 10 0 1 0 Manther Apt. 3 0 3 0 0 0 1-eff no vac Northview Court 1 0 0 0 3 0 1-5br no vac Olson Apartments 2 0 14 0 5 0 Park View Terrace A 1 1 17 5 0 0 Plaza 1,2&3 21 0 15 1 0 0 Regency Apt. 0 0 18 1 0 0 River Ridge 6 0 30 2 0 0 South Dale Apt. 7 0 30 6 1 0 2 eff no vac Southview Terrace 0 0 18 0 0 0 Twin Apt. 14 1 0 0 0 0 Totals 134 9 452 55 54 2 640 66 Vacancy Rates: 6.72 12.17 3.70 General 10.31% Occupancy AptName Echo Manor Apt. Freemont Apt. Gateway Central Parkwood Apartments Twin Oak Townhomes Village Estates I & II #of 1 BD 2 0 0 8 8 2 Total 20 Apartments That Did Not Reply To Update! 1 BD Vacancy #of 2 BD 2 BD Vacancy 28 24 14 16 64 34 180 #of 3 BD 0 0 0 0 8 0 8 3 BD Vacancy Notes Total BR Total Vac't PARCEL SELLER BUYER SALE PRICE DATE OF SALE 23.112.1270 DEUTSCHE BANK STONECREST 7665 5/28/2010 23.088.0280 FARLEY SVOBOBA 13000 10/25/2010 23.472.0080 GPS DICKINSON BERSCHEID 13000 10/21/2010 23.050.3430 FEDERAL HOME LOAN FORCIER 14900 9/23/2010 23.143.0210 US FEDERAL CREDIT WIEDE 30000 7/30/2010 23.169.0240 RASMUSSEN BETKER 31000 3/26/2010 23.050.0460 HSBC BANK STIX & BRIX 32000 12/21/2010 23.050.5450 MINNESOTA HOUSING JEWELL 33000 8/27/2010 23.050.2520 US BANK BUNKE 33500 8/30/2010 23.149.0200 MINNESOTA HOUSING SHORTER 34000 8/05/2010 23.145.0250 NORTH AMERICAN BANK WEIDE 35000 9/07/2010 23.130.0010 DEUTSCHE BANK ASMUSSEN 36000 3/18/2010 23.145.0820 SECRETARY OF VETERAN SORENSEN 36900 4/16/2010 23.145.0820 GELSCHUS SORENSEN 36900 6/23/2010 23.300.0110 SECRETARY OF VETERAN FELIX 36900 4/28/2010 23.112.0160 CITIFINANCIAL MCCUTCHEN 38000 12/21/2010 23.112.1600 KOLDEN KENNING 38500 8/09/2010 23.050.4670 FEDERAL NATIONAL SCHMIDT 40000 11/04/2010 23.143.0360 MIFEK DOSTAL 41000 11/08/2010 23.050.3010 MN HOUSING WIMMER CONST 42000 6/25/2010 23.050.5110 FNMA NAAS 45000 12/14/2010 23.053.0030 BLOM HEINTZ 45000 4/16/2010 23.056.1200 FEDERAL NATIONAL SPERZUM 46900 1/13/2010 23.116.0120 BANK OF NEW YORK LAUINGER 49500 9/10/2010 24 11.1% 23.050.5280 BRUGMAN GERTKEN 50000 6/25/2010 23.145.0750 WELLS FARGO HOSTETLER 50000 9/29/2010 23.205.0110 FEDERAL HOME LOAN STIX & BRIX 51000 9/30/2010 23.088.0010 FEDERAL NATIONAL MAYER 58000 4/29/2010 23.050.4130 FEDERAL HOME LOAN CHRISTENSEN 60000 9/22/2010 23.088.0270 SEC OF HOUSING EGGERSGLUESS 60000 8/23/2010 23.143.0260 FEDERAL HOME OLSON 60000 6/01/2010 23.448.0020 HOESE SCHULTZ 60000 5/25/2010 23.312.0050 SEC OF HOUSING SOUTHWEST SALES 60900 8/31/2010 23.167.0220 WELLS FARGO BEEBE 63600 6/16/2010 23.255.0010 SECRETARY OF HOUSING REYNOLDS 65000 2/04/2010 23.088.0030 FNMA CURTISS 66500 2/23/2010 23.101.0120 HSBC BANK KACZMAREK 67500 5/21/2010 23.056.1810 WELLS FARGO SPARBY 68500 3/03/2010 23.088.0420 BANK OF NEW YORK GORES 70000 6/18/2010 23.050.5340 ANDERSON BLOM 70616 12/14/2010 16 7.4% 23.050.5460 MIKOLICHEK LENE & JOHNSON 75000 3/18/2010 23.172.0020 FEDERAL NATIONAL MOR VORTHERMS 75000 12/03/2010 23.050.5220 SCHULTZ MN HOUSING 76000 9/30/2010 23.169.0220 OSTLU N D HUDSON 78000 4/26/2010 23.050.4900 DOUGHTY HANSON 79000 5/04/2010 23.116.0160 FORCIER WERSAL 80000 3/10/2010 23.456.0010 COTTAGE HOMESTEADS WRIGHT 80000 2/16/2010 23.167.0210 KEIL ESTATE KEPLER 81000 2/12/2010 23.231.0260 AMU N DSON AMU N DSON 84000 11/12/2010 23.231.0210 TALCOTT KENNING 85000 7/06/2010 23.440.0050 REO PROPERTIES JOURDAN 85200 2/17/2010 23.218.0080 SYLVESTER FELIX 85900 6/11/2010 23.145.0180 STRACK SPEISER 88100 10/28/2010 23.255.0170 FEDERAL HOME LOAN OLSON 89000 8/31/2010 23.145.0870 23.112.1570 23.124.0180 23.112.0480 23.178.0150 23.312.0050 23.104.0170 23.231.0350 23.101.0020 23.167.0250 23.050.1880 23.300.0350 23.145.0590 23.056.0590 23.396.0030 23.056.1650 23.133.0210 23.145.0220 MCCLURE SCHUFMAN & HANSON HARPER PORTELE CITIZEN BANK SOUTHWEST SALES OTTO HOCHSPRUNG BANK OF WEST KAPING UHL SEPULVADO MARCONCINI N USSBAU M WENDORFF FO RC I E R TOPKA LAUER SMITH SCHLUETER GUNNER WRIGHT MANDERSCHEID DESJARDIN GOOD DEBELTZ ALBIN KAMINSKY NOWAK GEHRKE HOGREFE GASPAR NOWAK PAUL RETTMANN KERR 89500 89900 89900 90000 90000 90250 90500 90720 94000 94500 95000 96000 96500 97900 98000 98500 99000 99000 4/23/2010 3/15/2010 5/28/2010 1/22/2010 10/29/2010 12/14/2010 12/16/2010 3/25/2010 10/06/2010 6/28/2010 6/10/2010 7/15/2010 6/25/2010 11/15/2010 6/09/2010 4/27/2010 6/11/2010 7/29/2010 32 14.8% 23.112.0120 KRONBACK DUHOUX 100000 4/09/2010 23.176.0110 PIPPO ALBERTS 100000 10/22/2010 23.386.0240 CHRISTENSEN DENLER 100000 8/05/2010 23.453.0200 MN HOUSING BAUNE 101000 9/08/2010 23.112.0740 SANDERS SHAW 103000 7/30/2010 23.423.0510 REFSLAND SCHMIDT 104000 9/28/2010 23.402.0020 NORRIS RENNER 104900 1/22/2010 23.262.0200 BECKER AVERY 105000 11/24/2010 23.362.0020 PART IDA FABEL 105000 6/18/2010 23.310.0050 DODGE ROSENOW 107000 6/30/2010 23.169.0290 RICE STREETER 107400 12/30/2010 23.414.0210 MIELKE MEIER 107500 7/30/2010 23.232.0080 SCHWEIDERT BLOM 110000 4/23/2010 23.234.0030 KUTTER HENDRICKSON 110000 10/14/2010 23.389.0120 JONES WEBER 110000 2/26/2010 23.050.4290 BOELTER SANDERS 112000 1/19/2010 23.112.0460 BEYTIEN BAUMETZ 112000 3/26/2010 23.050.2110 GAUDERMAN WALTERS 112500 3/29/2010 23.172.0010 EMANS BAUNE 113774 9/16/2010 23.150.0110 OLSEN DUENOW 115000 11/04/2010 23.230.0150 CARLSON WENDLING 115000 8/27/2010 23.231.0040 WITTE HARBARTH 115000 4/26/2010 23.416.0240 HAGER LUTHENS 115000 9/16/2010 23.442.0240 FEDERAL HOME LOAN HALL 116000 9/17/2010 23.167.0460 WINTER BOEHME 116900 5/07/2010 23.342.0020 CITIMORTGAGE OLSON 117000 10/29/2010 23.423.0520 KLATT BOE 117000 5/10/2010 23.436.0220 S PORS G RE I N E R 117900 8/31/2010 23.050.4380 LONCORICH ORTLOFF 118000 7/16/2010 23.456.0080 COTTAGE HOMESTEADS MUNZ 118600 2/12/2010 23.056.1060 POWELL FISHER 119000 4/21/2010 23.174.0110 BAUMANN WESTER 119000 12/15/2010 23.423.0470 MUZZY BASKE 119900 7/29/2010 23.120.0070 FIRST MINNESOTA ARNESON & SCHILLER 120000 4/16/2010 23.479.0310 HERITAGE INVESTMENT FOX 120000 10/29/2010 23.118.0040 HAAG LEONARD 121200 5/28/2010 23.160.0070 LAMBA ENGEL 122000 1/28/2010 23.063.0080 CARRIGAN WALTERHOUSE 123000 4/30/2010 38 17.6% 23.479.0070 HERITAGE INVESTMENT HOEL 125000 10/29/2010 23.479.0210 NELSON & REINHOLD KLAWITTER 125000 12/13/2010 23.050.5090 HOESE HAWKINS 125900 3/05/2010 23.456.0040 BETKER KONTZ 126000 8/18/2010 23.133.0490 CONELY MARCONCINI 127900 6/25/2010 23.437.0030 VANG RANNOW 128000 2/26/2010 23.269.0060 WILLE PLOMBON 128900 11/02/2010 23.336.0250 HOUSING & REDEVEL DUESTERHOEFT 131000 10/28/2010 23.159.0160 GOODWIN HAMRE 132650 6/30/2010 23.436.0090 PELLETIER MORRIS 133000 5/27/2010 23.360.0040 FREDRICKSON HAUN 134000 7/22/2010 23.145.0140 HILLMAN PROPERTIES NEPHEW & LUEDLOFF 134200 6/07/2010 23.414.0160 KLAWITTER BAUMANN 134200 12/15/2010 23.309.0320 BROWN RENVILLE 134900 10/07/2010 23.180.0160 SCHIERMAN WORNSON 135000 3/15/2010 23.346.0030 LOKENSGARD SYNSTELIEN 135000 8/12/2010 23.346.0070 WEIDE KORNGIEBEL 135000 5/28/2010 23.454.0220 MCKENZIE SWANSON 135000 1/15/2010 23.442.0050 DEMELL SMITH & BAUMANN 135500 4/23/2010 23.262.0170 JOHNSON MCCAUGHTRY 137000 6/25/2010 23.431.0100 NGUYEN SCHELLINGER 137000 6/01/2010 23.169.0090 TOBIAS ELDER 139500 5/03/2010 23.435.0160 SOUTHWEST SALES BREITKREUTZ 139500 8/11/2010 23.090.0520 BETKER HOGAN 140000 5/21/2010 23.180.0320 FRITH THOMPSON 140000 1/29/2010 23.416.0130 HAKES PAULSON 140000 3/15/2010 23.453.0050 GRUBER SIRVA RELOCATION 140000 4/15/2010 23.453.0050 SIRVA RELOCATION HANNEMAN 140000 4/29/2010 23.230.0120 HAMRE SUESS & REINER 140500 12/17/2010 23.133.0310 ELLIOTT LABAT 140550 3/08/2010 23.444.0180 WOZN I AK J I N D RA 141000 9/08/2010 23.130.0150 NEISEN HAUGEN 142000 6/23/2010 23.186.0020 PAULSON BRULLA & NOTT 143900 3/15/2010 23.414.0120 MANTHER BRANDT 145000 5/21/2010 23.172.0050 LANDMARK DUENOW 145600 8/27/2010 23.070.0060 MADSON DION 146500 5/28/2010 23.434.0100 US BANK REMINGTON 147000 6/21/2010 23.408.0330 GOHL SAUER 149000 3/12/2010 23.112.0500 RUDELL MONS 150000 5/25/2010 23.437.0100 WENDORFF KLATT 150000 5/14/2010 23.262.0180 CADY FIRST CLASS 152000 5/18/2010 23.245.0015 THOMPSON BLADE 152500 4/30/2010 23.196.0080 LAPLANTE NEZNIK 153000 6/11/2010 23.141.0080 ALBRECHT KIRCHOFF 154900 10/27/2010 23.244.0180 PULKRABEK WIKE 156000 4/23/2010 23.413.0020 PULLEN ANDERSON 156000 8/30/2010 23.302.0010 FEDERAL HOME ELLIOTT 156250 2/26/2010 23.108.0030 OSTER REINKE 157000 6/11/2010 23.440.0050 JOURDAN LIEDER 158900 5/14/2010 23.112.0830 PETERSEN KRAFT 160000 1/19/2010 23.454.0230 STEVENS IRELAND 160000 6/15/2010 23.065.0070 HULS SCHOLL 164900 10/19/2010 23.262.0030 HORROCKS GROEBNER 164900 5/14/2010 23.455.0260 CITIZENS BANK RAI NEY 165000 1/21/2010 38 17.6% 23.106.0370 GORANSON SPORS 165500 8/31/2010 23.159.0140 BLADE VANDERWEGE 169000 4/30/2010 23.423.0430 ALSLEBEN REGAL 170000 5/28/2010 23.451.0100 FRANKLIN ASH 170000 12/07/2010 23.012.0150 FEDERAL HOME DAAK 172000 11/03/2010 23.244.0260 PRAHL BERTRAND 172000 6/04/2010 23.454.0010 OLSON WEGNER 172800 4/29/2010 23 23.437.0130 WURZBERGER PLATH 175000 12/23/2010 23.468.0070 SORENSEN & NAUSTDAL ALLEN 176810 6/30/2010 23.472.0030 GREAT PLAIN KACZMAREK 181150 5/12/2010 23.454.0140 SOUTHWEST SALES LIEDER 183000 5/27/2010 23.195.0550 MEYER CORDES 184619 9/03/2010 23.176.0200 SCHEELE WITT 189900 5/28/2010 23.336.0320 SNYDER DIVINE HOUSE 190000 4/23/2010 23.372.0050 JOHNSON REDMAN 190000 7/19/2010 23.011.0400 GOLDSTEIN SCHMILING 190500 5/20/2010 23.291.0030 SCHWEIGERT LAAR 190500 3/13/2010 23.428.0490 NOHNER FLEMMING 194900 5/21/2010 23.468.0190 NAUSTDAL TAYLOR 199900 4/30/2010 12 23.289.0010 DANIELS WANOUS 209000 6/25/2010 23.371.0140 PEARSON SHARMA 215000 5/14/2010 23.434.0050 BETKER BURMEISTER 215000 9/01/2010 23.387.0040 SOMMERVILLE 605 GRAHAM 216000 7/07/2010 23.308.0060 REPASS NEISEN 222000 6/23/2010 23.422.0040 GLASER NEU 225000 4/02/2010 23.439.0130 PATEL GREGORY 225000 11/12/2010 23.484.0100 SECURITY BANK HOVERSTEN 225000 7/06/2010 23.428.0510 ROTH MARCONCINI 225500 12/10/2010 23.112.0825 HAGLIN SELCHOW 228900 12/15/2010 23.418.0160 DESHPANDE LANGAN 229900 9/22/2010 23.473.0200 FIRST CLASS CADY 229900 5/18/2010 23.288.0030 GORDON PIEHL 230000 11/01/2010 23.308.0040 ELWELL MEYER 230000 11/16/2010 23.420.0070 KEITH WHITE 230000 8/05/2010 23.327.0090 VYAS KIEFER 240000 7/20/2010 23.223.0060 LENZ PETERS 242000 5/11/2010 23.441.0160 DOSTAL BIEHN 245000 8/16/2010 23.473.0170 FIRST CLASS BOSMA 245819 12/17/2010 23.473.0080 FIRST CLASS BUILDERS HUEBERT 247078 12/21/2010 23.451.0420 HUTCHINSON LAND WILKE 247418 4/23/2010 23.422.0060 SCHUETTE GRAPHENTEEN 248000 8/26/2010 23.294.0020 MCKEEVER TASCHE 250000 10/12/2010 23.308.0120 LINDER DAHL 255000 6/24/2010 23.327.0080 BARTHOLOMEW ANKRUM 258800 8/26/2010 23.423.0040 MORFITT LARSON 274000 10/22/2010 23.423.0100 REGAL SHCEELE 277000 5/28/2010 23.366.0050 GIERE DIMICK 285000 1/15/2010 23.445.0140 BARTON HOWELL 285000 3/05/2010 23.451.0430 HUTCHINSON LAND HOLD RADTKE 287144 6/30/2010 23.482.0070 LIEPKE RADUNZ 290000 6/30/2010 23.419.0040 BARRY KOENIG 405000 12/10/2010 23.327.0200 JURGENSON MCKIMM 525000 12/15/2010 33 Total 216 Median $121,600 Average $131,920 10.6% 5.6% 15.3% 100% 342 - Hutchinson Median Sales Price Rolling 12 Months $149,000 $124,950 MINNEAPOLIS ARLA Association of REALTORS' $131,000 -16.1% +4.8% Jan 08 thru Dec D8 Jan 09 thru Dec 09 Jan 10 thru Dec 10 Data comes from the Regional Multiple Listing Service of Minnesota, Inc. Data deemed reliable but not guaranteed. Powered by 10K Research and Marketing. 342 - Hutchinson Closed Sales Rolling 12 Months 225 Jan 08 thru Dec 08 211 -6.2% MINNFAPOLiS AREA A,iori2tinn �r REALTORS' 222 +5.2% Jan 09 thru Dec ❑9 Jan 10 thru Dec 10 Data comes from the Regional Multiple Listing Service of Minnesota, Inc. Data deemed reliable but not guaranteed. Powered by 1 O Research and Marketing. 342 - Hutchinson Days on Market Until Sale Rolling 12 Months 0 Jan 08 thru Dec 08 157 151 +9.0% -3.70k Traditional 0 Jan 09 thru Dec 09 137 99 -19.8% -10.3% Foreclosures N471 MINNEAPOLIS AREA Assarla[ian -f REALTQRS� Jan 10 thru Dec 10 198 WN +8.5% -0.80/0 Short Sales Data comes from the Regional Multiple Listing Service of Minnesota, Inc. Data deemed reliable but not guaranteed. Powered by 10K Research and Marketing. 342 - Hutchinson Homes for Sale Rolling 12 Months :A Jan 08 thru Dec 08 :. .0.4% Jan 09 thru Dec 09 MINNEAPOLIS AREA Asrn6ation of REALTORS 167 -10.4% Jan 10 thru Dec 10 Data comes from the Regional Multiple Listing Service of Minnesota, Inc. Data deemed reliable but not guaranteed. Powered by 10K Research and Marketing. Twin Cities home values decline at record pace http://www.startribune.com/templates/Print_This_Story?sid=1 15 6383 54 StarTribune.com MINNEAPOLIS -ST. PAUL, MINNESOTA Twin Cities home values decline at record pace By Jim Buchta February 9, 2011 Zillow.com's latest report on the housing market suggests that home prices are still falling. A lot. During the last quarter of 2010 home values in the Twin Cities metro area fell 12-1 percent, or $22,800 compared with the previous year — the highest quarterly decline on record since Zillow starting keeping stats in 1996. Quarter -to -quarter values were down 5.8 percent. Nationally the annual decline averaged only 5.9 percent and fell 2.6 percent between the third and fourth quarters. Zillow's home value index in the Twin Cities during that period was $166,300, down 32.6 percent or $80.580 from the July 2006 peak. The data is different from the Minneapolis Area Association of Realtor's sales report that I write about every month. This one tracks the value of all homes, not just those that have sold. It also shows that 42.3 percent of all single-family homes in the Twin Cities with a mortgage were underwater, up slightly from the third quarter and way above the national average of 27 percent. Okay, and there's one more piece of bad news: 36.1 percent of all home that sold during December sold for a loss — another slight increase from the previous quarter. Home values across the board have been hammered by high foreclosure rates, I'll have the latest RealtyTrac data on the foreclosure situation Thursday morning. (Early indications suggest a slight improvement). © 2011 Star Tribune. All rights reserved. 1 of 1 2/9/2011 10:03 AM MNDEED - LMI - LAUS Page 1 of 1 POSITIVELY Gepan me nt 0 Employment and Economic Nvetopumm Minnesota Unemployment Statistics LAUS (Local Area Unemployment Statistics) Data BoO to start Local Unemployment Statistics for December 2010 Pyiore Infe Area - click name for historical data FLabor Force Labor Force Participation Rata Employment Employment to Population Ratio Unemployment Unemployment Rate Hutchinson, McLeod 6,999 NA 6,375 NA 62311 8.8°Io 1. See Historical Data for these areas C) 2011-Mimneanta Department of Empl xym..eni and Fconomic _nevelnpment http://www.positivelyminnesota.comlapps/Imi/laus/CurrentStats.aspx 2/10/2011 MNDEED - LMI - LAUS POSITIVELY L .1paTtment of Fmploymnt ars! Ecoomic Uevetopm3ent rA i n nesota Unemployment Statistics LAUS (Local Area Unemployment "statistics) Data • Back to Start ■ Definitions ■ Change Areas • rownload Data I ,''%-1cy Start Year End Year Data Set Monthly 2001 2010 Unemployment Rate Monthly Unemployment Rate, Not Seasonally Adjusted Yea ".'. rwi Hutchinson, McLeod 2010-12 8.9 2010-11 2010-10 9.8 8.6 2010-09 9.8 2010-08 9.8 2010-07 9.9 2010-06 2010-05 9.8 9.3 2010-04 2010-03 10.8 11.2 _ 2010-02 11.3 2010-01 11.3 2009-12 10.9 2009-11 2009-10 9.5 10.0 2009-09 11.5 2009-08 11.8 2009-07 12.7 2009-06 2009-05 13.1 12.4 2009-04 2009-03 2009-02 12.3 10.6 9.6 - 2009-01 2008-12 2008-11 9.9 9.2 6.4 2008-10 5.8 2UU8-09 2008-08 6.3 6.6 Page 1 of 3 Seasonally Adjusted No Update 1. 7 ' ., ww.l�i)Sitivelyminnesota.com/appsllmi/laus/Results.aspx?geog=2705085065&adju... 2/10/2011 Jan, 20 - State Unemployment Rate Drops to 7 Percent Page 1 of 3 POSITIVELY tkwpnftmrt of Emplair rd &A Emnemk lls"h*"rd Jan. 20 - State Unemployment Rate Drops to 7 Percent For Immediate Release Contact: Monte Hanson, 851-258-7149 January 20, 2011 man.ta... h.a....n.son@s..tate nn.us State Unemployment Rate Drops to 7 Percent -Employers added 29,300 jobs over 201OPW ST. PAUL — The Minnesota unemployment rate fell by 0.1 percent in December to a seasonally adjusted 7 percent, according to figures released today by the Minnesota Department of Employment Economic Dovolopment (DEED). The U.S. unemployment rate fell to 9.4 percent in December. Employment statewide declined by 22,440 jobs in December. The losses reduced the state's over -the -year job gains to 29,300, or a growth rate of 1.1 percent. U.S. job growth over the past year was 0.8 percent. "While the labor market remains unpredictable, we are seeing other signs of steady improvement," said Paul A. Moe, acting commissioner at DEED. "The state has recovered about 20 percent of the jobs that were lost in the recession. Temp hiring is up and new claims for unemployment benefits are down." Mining and logging was the only industrial sector to gain jabs last month, adding 200 positions. Job losses occurred in government (down 5,300), trade, transportation and utilities (down 4,200), professional and business services (down 3,500), education and health services (down 3,000), leisure and hospitality (davvn 1,800), manufacturing (down 1,800), construction (dawn 1,700), financial activities (down 800), other services (down 300) and information (down 200). Over the past year, the following sectors have added jabs: manufacturing (up 10,700) education and health services (up 9,800), leisure and hospitality (up 9,600), professional and business services (up 8, 300), trade, transportation and utilities (up 4,300), information (up 2,800), and logging and mining (up 600). Over -the -year job losses occurred in government (down 7,000), construction (dnwn 4,700), financial activities (down 2,700) and other services (down 2,300). In the state Metropolitan Statistical Areas, job gains occurred in the past year in the Rochester MSA (up 1.3 percent), Minneapolis -St. Paul MSA (up 1.2 percent), Duluth -Superior MSA (up 1 percent) and Mankato MSA (up 1 percent). The St. Cloud MSA declined 0.4 percent. DEED is the state's principal economic development agency, promoting business recruitment, expansion and retention, workforce development, intemational trade and community development. For more details about the agency and our services, visit us at tiwow.Pos-.it v...e...I.y..Minne.s...a...ta..co-m-.. Follow us on Twitter at www.twitter..c...o..m/Positive...ivMN. http:lhvww.positivelyminnesota.comlNewsroomlPress_RcicaseslMost_Currcnt_Rel easeslJ... 2/10/2011 Jan. 20 - State Unemployment Rate Drops to 7 Percent Over The Year Em io ment Growth 6 Seasonal) i adjusted Not seasonal) adjusted Unemployment Rate December 2014 November 2010 29,300 1.1 Minnesota 7.0 7.1 13.3 13.9 U.S. 9,4 9.8 -2.0 Manufacturing Employment December 2010 November 2010 Dec. '09 - Dec. '10 Level Chane Dec. '09 - Dec. '10 °% Chan e Minnesota 1 2,649,700 1 2,672,100 1 29,300 1.1 U.S. 1 130,712,000 1 130,609,000 1 1,066,000 0.8 Over The Year Em io ment Growth 6 Industry Sector NSA Minneapolis -St. Paul MSA OTY Job Change OTY Growth Rate °I° U.S. QTY Growth Rate Total tion -Farm Employment 29,300 1.1 0.8 Logging and Mining 600 13.3 13.9 vnstruOlon -4,700 -5.7 -2.0 Manufacturing 10,700 3.7 1.2 Trade, Trans. and Utilities 4,300 0.9 0.8 Information 2,800 5.2 -1.5 Financial Activities -2 700 -1.6 -1.0 Prof. and Bus. Services 8,300 2.7 2.3 Ed. and Health Services 9,800 2.1 2.2 Leisure and Hospitality 9,600 4.2 1.7 Other Services -2,300 -2.1 1.2 Government .7,000 -1.7 -1.0 Metropolitan Statistical Area OTY Employment Change # NE OTY Employment Change °% NSA Minneapolis -St. Paul MSA OA 20,000 1.2 Duluth -Superior MN -WI MSA 1,300 1.0 ,Rochester MSA 1,300 1.3 St. Cloud MSA -400 -0.4 Mankato MSA 500 1.0 Page 2 of 3 ■ All labor farce data are subject to revision. • The unemployment rate is the percentage of people actively seeking work compared with those In the labor force (employed plus unemployed). Upon request, the information in this news release can be made available in alternative formats by contacting the DEED Communications Office at 654-259-7449. http:llwww. posi ti vel ym innesota. com I N ew sroomIPres s_Re 1 ease sIMast_Current_Rel easeslJ ... 2/10/2011 Jan. 20 - State Unemployment Rate Drops to 7 Percent Minnesota Department of Employment and Economic Development Communications aftice Phone 6511259-7149 or 1-800-657-3858 - TTY 1-800-657-3973 www..P....o...ObvelyM nw.?utd.com.... An equal opportunity employer and service provider. © 2011 Minnesota Department of Employment and Economic Development Privacy Policy E=qual opportunity Site Map Webmaster Cantu, l Northstpr Page 3 of 3 http:llwww.positivelyminnesota.cornlNewsroomlPress_RcicascslMost_Current_Releasesll... 2/10/2011