City of Racine - File #: 0968-23

• File #: 0968-23
• Version: A
• Type: Communication
• Status: Passed
• File created: 10/6/2023
• In control: Community Development Block Grant Advisory Board
• On agenda: 10/16/2023
• Final action: 10/16/2023
• Title: Subject: Communication sponsored by Alderman Coe on behalf of Racine Revitalization Partnership (RRP), requesting the use of HOME CHDO reserve funds and HOME Grant funds in the amount of $436,000 for the purpose of building two new homes at the corner of Twelfth Street and Highland Ave. by Racine Revitalization Partnership. Recommendation of the CDBG Advisory Board on 10-09-23: That the Common Council approve a grant of up to $436,000 from HOME to fund the RRP project. Fiscal Note: There are sufficient HOME Funds to cover both grants to facilitate the development of both new homes. Program income received will be redirected back into the HOME Fund.

Date	Ver.	Action By	Action	Result
10/16/2023	A	Common Council	Approved as Presented	Pass
10/9/2023	A	Community Development Block Grant Advisory Board	Recommended For Approval	Pass

Title

Subject: Communication sponsored by Alderman Coe on behalf of Racine Revitalization Partnership (RRP), requesting the use of HOME CHDO reserve funds and HOME Grant funds in the amount of $436,000 for the purpose of building two new homes at the corner of Twelfth Street and Highland Ave. by Racine Revitalization Partnership.

Recommendation of the CDBG Advisory Board on 10-09-23: That the Common Council approve a grant of up to $436,000 from HOME to fund the RRP project.

Fiscal Note: There are sufficient HOME Funds to cover both grants to facilitate the development of both new homes. Program income received will be redirected back into the HOME Fund.