City of Racine - File #: 13-9260

• File #: 13-9260
• Version: A
• Name: Request from staff to replace the Deferred Loan product.
• Type: Application
• Status: Passed
• File created: 8/13/2013
• In control: Loan Board of Review
• Final action: 8/15/2013
• Title: Subject: Request from staff to replace the Deferred Loan product (for owner occupants with annual gross incomes at or below the 30% County Median Income level) with a Homeowner Fixed Loan product. The (<30% CMI) Homeowner Fixed Loan Product would be at 1% fixed interest for a term up to 20 years. All other loan criteria remain unchanged.

Date	Ver.	Action By	Action	Result
8/15/2013	A	Loan Board of Review	Approved	Pass

Title

Subject: Request from staff to replace the Deferred Loan product (for owner occupants with annual gross incomes at or below the 30% County Median Income level) with a Homeowner Fixed Loan product.

The (<30% CMI) Homeowner Fixed Loan Product would be at 1% fixed interest for a term up to 20 years. All other loan criteria remain unchanged.