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File #: Res.15-0327    Version: A Name: Home Repair Loan Match Program
Type: Resolution Status: Passed
File created: 8/18/2015 In control: City Attorney's Office
On agenda: 8/18/2015 Final action: 8/18/2015
Title: Home Repair Loan Match Program Resolved, that the request for $136,939.00 in CDBG funds for an owner-occupied matching grant program and $45,646.00 in CDBG funds for a rental rehab matching grant program are approved. Further resolved, that the Mayor, City Clerk and Director of City of Development, or their designee, are authorized to execute a written agreement with the Housing Department consistent with its application and federal regulations for $182,585.00 of CDBG funds for the purpose of matching home repair loans within program guidelines. Fiscal Note: The Common Council has allocated amounts of $136,939.00 for owner-occupied properties and $45,646.00 for rental rehab projects per the 2015 Annual Plan.
Sponsors: Dennis Wiser
Related files: 15-00622

Sponsor

Alderman Wiser

 

Title

Home Repair Loan Match Program

 

Resolved, that the request for $136,939.00 in CDBG funds for an owner-occupied matching grant program and $45,646.00 in CDBG funds for a rental rehab matching grant program are approved.

 

Further resolved, that the Mayor, City Clerk and Director of City of Development, or their designee, are authorized to execute a written agreement with the Housing Department consistent with its application and federal regulations for $182,585.00 of CDBG funds for the purpose of matching home repair loans within program guidelines.

 

Fiscal Note: The Common Council has allocated amounts of $136,939.00 for owner-occupied properties and $45,646.00 for rental rehab projects per the 2015 Annual Plan.