City of Racine - File #: 11-7030

• File #: 11-7030
• Version: A
• Name: Subject: (Direct Referral) Request of the Director of City Development to consider revising the amount of equity required for owner-occupied home improvement loans. (Resolution No. 11-2813)
• Type: Communication
• Status: Passed
• File created: 10/19/2011
• In control: Loan Board of Review
• Final action: 11/1/2011
• Title: Subject: (Direct Referral) Request of the Director of City Development to consider revising the amount of equity required for owner-occupied home improvement loans. (Resolution No. 11-2813) Recommendation of the Loan Board of Review on 10-20-11: That the equity requirement for homeowner loans be waived until October 31, 2014 with the stipulation that loans with insufficient equity be made only for code-related items including lead-based paint hazard reduction. Fiscal Note: N/A
• Related files: Res.11-2813

Date	Ver.	Action By	Action	Result
11/1/2011	A	Common Council	Approved as Presented	Pass
10/20/2011	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request of the Director of City Development to consider revising the amount of equity required for owner-occupied home improvement loans.  (Resolution No. 11-2813)

Recommendation of the Loan Board of Review on 10-20-11: That the equity requirement for homeowner loans be waived until October 31, 2014 with the stipulation that loans with insufficient equity be made only for code-related items including lead-based paint hazard reduction.

Fiscal Note: N/A