City of Racine - File #: Res.11-2813

• File #: Res.11-2813
• Version: A
• Name: Revising the amount of equity required for owner-occupied home improvement loans.
• Type: Resolution
• Status: Passed
• File created: 11/1/2011
• In control: City Attorney's Office
• Final action: 11/1/2011
• Title: Revising the amount of equity required for owner-occupied home improvement loans. Resolved, 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
• Sponsors: Dennis Wiser
• Related files: 11-7030

Date	Ver.	Action By	Action	Result
11/1/2011	A	Common Council	Adopted	Pass

Sponsor

Alderman Wiser

Title

Revising the amount of equity required for owner-occupied home improvement loans.

Resolved, 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