|
0124-25
| A | | 1644 S. Memorial Dr. New Construction - HOME and PI Allocation | Communication | Subject: Communication sponsored by Mayor Mason requesting the use of non-federal revolving loan funds of up to $14,337 for New Construction at 1644 S. Memorial Drive.
Recommendation of the CDBG Advisory Board on 02-10-25: To approve the allocation of up to $359,263 in HOME funds and $14,337 in non-federal revolving loan funds for the redevelopment of 1644 S. Memorial Drive, with the completed property to be sold to a HOME-eligible homeowner.
Fiscal Note: Sufficient HOME funds are available to cover the $359,263 allocation, and $14,337 in non-federal revolving loan funds will be used to bridge the funding gap for the new home construction. When the completed property is sold, $14,337 of the revenue will be used to replenish the Non-Federal Revolving Loan Fund, and any remaining revenue will be reinvested into the HOME Fund. | | |
Not available
|
Not available
|
|
0126-25
| A | | 1202 Main St. CDBG Loan | Communication | Subject: Communication sponsored by Mayor Mason to issue a Community Development Block Grant (CDBG) home repair loan and a forgivable loan to 1202 Main Street.
Staff Recommendation: That the CDBG Advisory Board recommends approval of the CDBG Home Repair Loan and Forgivable Loan for 1202 Main Street as presented.
Fiscal Note: There are sufficient CDBG funds for this project. Loan payments will be repaid to the CDBG repair revolving loan fund. | | |
Not available
|
Not available
|