Title:
|
Subject: (Direct Referral) Request by the Department of City Development on behalf of Racine Revitalization Partnership requesting HOME Community Housing Development Organization reserve funds for rehabilitation of two rental units at 1418 Washington Avenue. (Res No. 0240-17)
Recommendation of the Community Development Staff on 6-29-17: That the request by the Department of City Development on behalf of Racine Revitalization Partnership for HOME Community Housing Development Organization reserve funds for the rehabilitation of two rental units at 1418 Washington Avenue be approved. Further that the Mayor and City Clerk be authorized to execute a written agreement with Racine Revitalization Partnership consistent with their application and federal regulation for $185,957 of HOME funds.
Fiscal Note: There are sufficient HOME funds available for this request. Funds must be committed before July 31, 2017.
|