City of Racine - File #: 0475-23

• File #: 0475-23
• Version: A
• Name: Home Owner Loan
• Type: Communication
• Status: In Committee
• File created: 5/4/2023
• In control: Community Development Block Grant Advisory Board
• Final action: 5/8/2023
• Title: Subject: Request from the Homeowner of 1418 Cleveland Avenue for a CDBG Home Repair Loan with a match forgivable grant. Staff Recommendation: Staff recommends that the CDBG Advisory Board approve the request for a Home Repair Loan and a match forgivable grant for 1418 Cleveland Avenue. Fiscal Note: Homeowner Repair loans are funded by CDBG HOMEOWNER FIXED INTEREST HOUSING LOAN PROGRAM, ACCOUNT # 2040452440. Loan proceeds are paid back into the fund and are considered program income.

Date	Ver.	Action By	Action	Result
5/8/2023	A	Community Development Block Grant Advisory Board	Approved	Pass

Title

Subject: Request from the Homeowner of 1418 Cleveland Avenue for a CDBG Home Repair Loan with a match forgivable grant.

Staff Recommendation: Staff recommends that the CDBG Advisory Board approve the request for a Home Repair Loan and a match forgivable grant for 1418 Cleveland Avenue.

Fiscal Note: Homeowner Repair loans are funded by CDBG HOMEOWNER FIXED INTEREST HOUSING LOAN PROGRAM, ACCOUNT # 2040452440. Loan proceeds are paid back into the fund and are considered program income.