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Subject: Communication from the Director of City Development requesting approval to apply for the State of Wisconsin Housing Cost Reduction Initiative (HCRI) funding to promote home ownership in targeted areas of Racine.
Recommendation: That the Director of City Development granted permission to apply for the Housing Cost Reduction Initiative (HCRI) grant, in the amount of $127,000, to be utilized to support home ownership in the north side and south side Weed and Seed areas that will be administered by the Wisconsin Department of Commerce's Bureau of Housing.
Fiscal Note: No match required on the part of the City.