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File #: 0808-25    Version: A Name:
Type: Communication Status: In Committee
File created: 8/8/2025 In control: Community Development Block Grant Advisory Board
On agenda: Final action:
Title: Subject: Communication sponsored by Mayor Mason, to issue a revised Community Development Block Grant (CDBG) home repair loan and forgivable loan to the owner of 1220 Illinois Street. Staff Recommendation: That the CDBG Advisory Board recommends approval of the revised funding request for a CDBG Home Repair Loan and Forgivable Loan to the owner of 1220 Illinois Street to include the additional structural repairs identified during construction, as presented. Fiscal Note: There are sufficient funds available in CDBG HOMEOWNER FIXED INTEREST HOUSING LOAN PROGRAM, ACCOUNT #81520404 for this project. Loan payments are paid back into the fund and are considered program income.
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Title

Subject: Communication sponsored by Mayor Mason, to issue a revised Community Development Block Grant (CDBG) home repair loan and forgivable loan to the owner of 1220 Illinois Street.

 

Staff Recommendation: That the CDBG Advisory Board recommends approval of the revised funding request for a CDBG Home Repair Loan and Forgivable Loan to the owner of 1220 Illinois Street to include the additional structural repairs identified during construction, as presented.

 

Fiscal Note: There are sufficient funds available in CDBG HOMEOWNER FIXED INTEREST HOUSING LOAN PROGRAM, ACCOUNT #81520404 for this project. Loan payments are paid back into the fund and are considered program income.