City of Racine - File #: Res.0104-17

• File #: Res.0104-17
• Version: A
• Name: Multifamily Revolving Loan Fund Program
• Type: Resolution
• Status: Passed
• File created: 3/21/2017
• In control: City Attorney's Office
• On agenda: 3/21/2017
• Final action: 3/21/2017
• Title: Multifamily Revolving Loan Fund Program Resolved, that the City of Racine Loan Board of Review's recommendation for the creation of the CDBG Multifamily Revolving Loan Program, as presented by City Development staff, funded at maximum of $700,000 in 2017, $600,000 in 2018, and $600,000 in 2019, is approved. Fiscal Note: There are sufficient CDBG Housing Loan funds available to meet this request.
• Sponsors: Mary Land
• Related files: 226-17

Date	Ver.	Action By	Action	Result
3/21/2017	A	Common Council	Approved as Presented	Pass

Sponsor

Alderman Land

Title

Multifamily Revolving Loan Fund Program

Resolved, that the City of Racine Loan Board of Review's recommendation for the creation of the CDBG Multifamily Revolving Loan Program, as presented by City Development staff, funded at maximum of $700,000 in 2017, $600,000 in 2018, and $600,000 in 2019, is approved.

Fiscal Note: There are sufficient CDBG Housing Loan funds available to meet this request.