Title
Subject: Kenosha/Racine Lead Free Community Partnership Update & Collaboration Efforts
Update: Progress in Racine has been steady. A total of 142 units
have been remediated for $1.2 million to date. The average cost per
unit is $6,868. Currently 8 units have signed contracts with work
underway soon and 5 units are on the waiting list. A new proposal
will be submitted to continue lead remediation in both Kenosha County
and City of Racine. K/R LFCP is asking for home improvement loan
"match dollars" to support their new application proposal.
Recommendation of the Loan Board of Review on May 28, 2009:
The Loan Board of Reveiw agrees to provide a match of $100,000 per
year over three years for $300,000 (in the form of rehabilitation loans
to owners and investors seeking improvements and lead remediation)
to the Kenosha/Racine Lead Free Community Partnership to support
their next lead remediation application.
Fiscal Note: