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File #: 1160-25    Version: A Name:
Type: Communication Status: In Committee
File created: 11/10/2025 In control: Community Development Block Grant Advisory Board
On agenda: Final action:
Title: Subject: Communication sponsored by Mayor Mason requesting an updated allocation of $195,945 for Community Development Block Grant (CDBG) funded economic development activities. Staff Recommendation: That the CDBG Advisory Board approve the updated allocation of $195,945 in FY2025 CDBG Micro-Enterprise funds for WWBIC to support small business lending and technical assistance activities. Fiscal Note: There are sufficient CDBG funds in the FY2025 Micro-Enterprise category to support this adjustment. The allocation to WWBIC will increase from $195,000 to $195,945.
Attachments: 1. ABM_WWBIC_Allocation Update
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Title

 

Subject: Communication sponsored by Mayor Mason requesting an updated allocation of $195,945 for Community Development Block Grant (CDBG) funded economic development activities.

 

Staff Recommendation: That the CDBG Advisory Board approve the updated allocation of $195,945 in FY2025 CDBG Micro-Enterprise funds for WWBIC to support small business lending and technical assistance activities.

 

Fiscal Note: There are sufficient CDBG funds in the FY2025 Micro-Enterprise category to support this adjustment. The allocation to WWBIC will increase from $195,000 to $195,945.