City of Racine - File #: 06-2703

• File #: 06-2703
• Version: A
• Name: Home Improvement Loan Program Agreement with the Wisconsin Housing and Economic Development Authority.
• Type: Communication
• Status: Passed
• File created: 10/19/2006
• In control: Finance and Personnel Committee
• Final action: 11/21/2006
• Title: Subject: Communication from the Assistant Director of City Development requesting discussion on the Home Improvement Loan Program Agreement with the Wisconsin Housing and Economic Development Authority. Recommendation of the Finance & Personnel Committee on 11-13-06: The Mayor and City Clerk be authorized and directed to enter into a Home Improvement Loan Program agreement with the Wisconsin Housing and Economic Development Authority (WHEDA) enabling the City to disburse home improvement loans on WHEDA’s behalf and the City earn a sponsor fee. Fiscal Note: The sponsor fee will be $350 per loan closure to be placed into the Housing Department’s revenue account.
• Related files: Res.06-7329

Date	Ver.	Action By	Action	Result
11/21/2006	A	Common Council	Approved as Presented	Pass
11/13/2006	A	Finance and Personnel Committee	Recommended For Approval	Pass
11/8/2006	A	Common Council	Referred

Title

Subject:  Communication from the Assistant Director of City Development requesting discussion on the Home Improvement Loan Program Agreement with the Wisconsin Housing and Economic Development Authority.

Recommendation of the Finance & Personnel Committee on 11-13-06:  The Mayor and City Clerk be authorized and directed to enter into a Home Improvement Loan Program agreement with the Wisconsin Housing and Economic Development Authority (WHEDA) enabling the City to disburse home improvement loans on WHEDA's behalf and the City earn a sponsor fee.

Fiscal Note:  The sponsor fee will be $350 per loan closure to be placed into the Housing Department's revenue account.