City of Racine - File #: 226-17

• File #: 226-17
• Version: A
• Name: Request for Multifamily Revolving Loan Fund Program (Res No. 0104-17)
• Type: Application
• Status: Passed
• File created: 3/8/2017
• In control: Loan Board of Review
• Final action: 3/21/2017
• Title: Subject: Request for Multifamily Revolving Loan Fund Program (Res No. 0104-17) Recommendation of the Loan Board of Reveiw on March 9, 2017: To approve the creation of the CDBG Multifamily Revolving Loan Program, as presented by City Development staff, funded at maximum of $700,000 in 2017, $600,000 in 2018, and $600,000 in 2019. Fiscal Note: There are sufficient CDBG Housing Loan funds available to meet this request.
• Related files: Res.0104-17

Date	Ver.	Action By	Action	Result
3/21/2017	A	Common Council	Approved as Presented	Pass
3/9/2017	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: Request for Multifamily Revolving Loan Fund Program (Res No. 0104-17)

Recommendation of the Loan Board of Reveiw on March 9, 2017:  To approve the creation of the CDBG Multifamily Revolving Loan Program, as presented by City Development staff, funded at maximum of $700,000 in 2017, $600,000 in 2018, and $600,000 in 2019.

Fiscal Note:  There are sufficient CDBG Housing Loan funds available to meet this request.