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File #: 1091-24    Version: A Name: 3617 Clairmont St. CDBG Loan
Type: Communication Status: Committee Report To Council
File created: 12/3/2024 In control: Community Development Block Grant Advisory Board
On agenda: Final action:
Title: Subject: Communication sponsored by Mayor Mason to issue a Community Development Block Grant (CDBG) home repair loan to 3617 Clairmont St. Recommendation of the CDBG Advisory Board on 12-09-24: To approve the terms as presented for the CDBG home repair loan and forgivable grant to the owner of 3617 Clairmont St. Fiscal Note: $35,500 is the total project cost, $17,750 is a grant, and $17,750 is a loan at 0.75% interest. There are sufficient funds available in the CDBG Revolving Loan Fund.

Title

Subject: Communication sponsored by Mayor Mason to issue a Community Development Block Grant (CDBG) home repair loan to 3617 Clairmont St.

 

Recommendation of the CDBG Advisory Board on 12-09-24: To approve the terms as presented for the CDBG home repair loan and forgivable grant to the owner of 3617 Clairmont St.

 

Fiscal Note: $35,500 is the total project cost, $17,750 is a grant, and $17,750 is a loan at 0.75% interest. There are sufficient funds available in the CDBG Revolving Loan Fund.