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0589-25
| A | | | Communication | Subject: Communication sponsored by Mayor Mason to receive and file the updated HOME-ARP Allocation Plan.
Staff Recommendation: That the CDBG Advisory Board receive and file updated HOME-ARP Allocation Plan.
Fiscal Note: There is no negative fiscal impact on the City’s HUD funding. The CDBG Advisory board will oversee the HOME-ARP grant of $2,083,327.00 in which funds must be fully expended by December 31, 2029. | Received and Filed | Pass |
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0590-25
| A | | | Communication | Subject: Communication sponsored by Mayor Mason recommending approval of the reallocation of up to $8,280.80 of CDBG funds for Library Improvements.
Recommendation of the CDBG Advisory Board on 06-09-25: To approve the allocation of unused CDBG funds from FY2023 Public Facilities and FY2024 Public Services to the Racine Public Library for Facility Improvements.
Fiscal Note: The project will be funded entirely through existing recaptured CDBG funds, with no impact on the City’s 2025 CDBG Fund. | Recommended For Approval | Pass |
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0592-25
| A | | 1718 Charles St. CDBG Repair Loan | Communication | Subject: Communication sponsored by Mayor Mason, to issue a Community Development Block Grant (CDBG) home repair loan and forgivable grant to 1718 Charles Street.
Recommendation of the CDBG Advisory Board on 06-09-25: To approve the CDBG home repair loan and forgivable grant to the owner of 1718 Charles Street as presented.
Fiscal Note: $25,500 is the total project cost, $12,750 is a forgivable loan, and $12,750 is a loan at 0.5% interest. There are sufficient funds in the CDBG Revolving Loan Fund. Loan payments will be paid to the CDBG revolving loan fund. | Recommended For Approval | Pass |
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0593-25
| A | | 1220 Illinois St. CDBG Repair Loan | Communication | Subject: Communication sponsored by Mayor Mason, to issue a Community Development Block Grant (CDBG) home repair loan and forgivable grant to 1220 Illinois Street.
Recommendation of CDBG Advisory Board on 06-09-25: To approve the CDBG home repair loan and forgivable grant to the owner of 1220 Illinois Street as presented.
Fiscal Note: $36,450 is the total project cost, $18,225 is a forgivable loan, and $18,225 is a loan at 0.5% interest. There are sufficient funds in the CDBG Revolving Loan Fund. Loan payments will be paid to the CDBG revolving loan fund. | Recommended For Approval | Pass |
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