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File #: 1093-24    Version: A Name: 2501 Gilson 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 2501 Gilson Street. 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 2501 Gilson St. Fiscal Note: The total project cost is up to $50,000, up to $25,000 is a grant, and up to $25,000 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 2501 Gilson Street.

 

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 2501 Gilson St.

 

Fiscal Note: The total project cost is up to $50,000, up to $25,000 is a grant, and up to $25,000 is a loan at 0.75% interest. There are sufficient funds available in the CDBG Revolving Loan Fund.