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1160-25
| A | | | Communication | Subject: Communication sponsored by Mayor Mason requesting an updated allocation of $195,945 for Community Development Block Grant (CDBG) funded economic development activities.
Staff Recommendation: That the CDBG Advisory Board approve the updated allocation of $195,945 in FY2025 CDBG Micro-Enterprise funds for WWBIC to support small business lending and technical assistance activities.
Fiscal Note: There are sufficient CDBG funds in the FY2025 Micro-Enterprise category to support this adjustment. The allocation to WWBIC will increase from $195,000 to $195,945. | | |
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1159-25
| A | | | Communication | Subject: Communication sponsored by Mayor Mason, to issue a revised Community Development Block Grant (CDBG) home repair loan and forgivable loan to the owner of 1449 Douglas Ave.
Staff Recommendation: That the CDBG Advisory Board approves the revised funding request for a CDBG Home Repair Loan and Forgivable Loan for the homeowner of 1449 Douglas Ave.
Fiscal Note: There are sufficient funds available in CDBG HOMEOWNER FIXED INTEREST HOUSING LOAN PROGRAM, ACCOUNT #81520404 for this project. Loan payments are paid back into the fund and are considered program income. | | |
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1161-25
| A | | | Communication | Subject: Communication sponsored by Mayor Mason, to issue a Racine Energy Efficiency Program (REEP) loan to the owner of 1227 Walton Avenue for home energy efficiency repairs.
Staff Recommendation: That the CDBG Advisory Board recommends approval of the REEP home energy efficiency repair loan for the owner of 1227 Walton Ave, as presented.
Fiscal Note: There are sufficient REEP and REEP Piggyback funds available in EECBG LOANS, ACCOUNT #28220310 and EECBG PIGGYBACK, ACCOUNT #28320412 for this project. Loan payments are paid back into the fund and are considered program income. | | |
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