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0968-23
| A | | | Communication | Subject: Communication sponsored by Alderman Coe on behalf of Racine Revitalization Partnership (RRP), requesting the use of HOME CHDO reserve funds and HOME Grant funds in the amount of $436,000 for the purpose of building two new homes at the corner of Twelfth Street and Highland Ave. by Racine Revitalization Partnership.
Recommendation of the CDBG Advisory Board on 10-09-23: That the Common Council approve a grant of up to $436,000 from HOME to fund the RRP project.
Fiscal Note: There are sufficient HOME Funds to cover both grants to facilitate the development of both new homes. Program income received will be redirected back into the HOME Fund. | Recommended For Approval | Pass |
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0969-23
| A | | | Communication | Subject: Communication sponsored by Alderman Coe on behalf of Racine Revitalization Partnership (RRP), to accept the recertification of Racine Revitalization Partnership (RRP) as the City’s CHDO (Community Housing Development Organization) and to release CHDO Reserve and Operating funds from FY20 and FY21 to the organization.
Recommendation of the CDBG Advisory Board on 10-09-23: That the Common Council approve the request to use HOME funds for Operating and Reserve allocations.
Fiscal Note: There are sufficient HOME funds to approve the above-requested allocations for Racine Revitalization Partnership. | Recommended For Approval | Pass |
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