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Subject: (Direct Referral) Request of the Director of City Development that the City transfer 1804 Franklin Street to Racine Habitat for Humanity and provide a HOME grant for part of the cost of its rehabilitation. (Res. No. 14-0286)
Recommendation of the Loan Board of Review on June 19, 2014: That the Mayor, City Clerk and Director of City Development be authorized and directed to transfer the property at 1804 Franklin Street (Parcel ID No. 17622000) to Racine Habitat for Humanity, Inc., and to execute such agreements and/or deeds of sale necessary to accomplish the transfer.
Further recommends that Racine Habitat for Humanity be allocated up to $60,000 in uncommitted 2011 HOME Housing Investment Partnerships funds toward the cost of the rehabilitation of 1804 Franklin Street as a single family residence for a Habitat for Humanity participant, subject to HOME program requirements and a grant agreement to be executed by the appropriate city officials.
Further recommends that Racine Habitat for Humanity be authorized to utilize up to $35,000 for the rehabilitation of 1804 Franklin Street from the HOME funds previously allocated to it by Common Council resolution 11-2572.
Fiscal Note: Funds are available in the sources identified.