City of Racine - File #: 0833-23

• File #: 0833-23
• Version: A
• Type: Communication
• Status: Committee Report To Council
• File created: 8/11/2023
• In control: Community Development Block Grant Advisory Board
• Final action: 8/22/2023
• Title: Subject: Communication sponsored by Mayor Mason to issue a Community Development Block Grant (CDBG) Home repair loan and a forgivable CDBG grant to Ozella Hill of 515 Ninth Street for home repairs. Staff Recommendation: Staff recommends that the CDBG Advisory Board recommend approval of the CDBG Home Repair Loan for $10,000.00 @ 3% interest and a $10,000.00 forgivable grant for 515 Ninth Street. Fiscal Note: There are sufficient CDBG funds for this project. Loan payments will be paid to the CDBG revolving loan fund.

Date	Ver.	Action By	Action	Result
8/22/2023	A	Community Development Block Grant Advisory Board	Approved	Pass

Title

Subject: Communication sponsored by Mayor Mason to issue a Community Development Block Grant (CDBG) Home repair loan and a forgivable CDBG grant to Ozella Hill of 515 Ninth Street for home repairs.

Staff Recommendation: Staff recommends that the CDBG Advisory Board recommend approval of the CDBG Home Repair Loan for $10,000.00 @ 3% interest and a $10,000.00 forgivable grant for 515 Ninth Street.

Fiscal Note: There are sufficient CDBG funds for this project. Loan payments will be paid to the CDBG revolving loan fund.