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13-8663
| A | | Reports | Application | Reports:
A. Delinquency
B. Attorney's Report
C. Financial Report
1. Available Loan Fund
2. Program Loan Fund
D. Monthly Activity Report
E. Property Disposition Report | Received and Filed | Pass |
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13-9260
| A | | Request from staff to replace the Deferred Loan product. | Application | Subject: Request from staff to replace the Deferred Loan product (for owner occupants with annual gross incomes at or below the 30% County Median Income level) with a Homeowner Fixed Loan product.
The (<30% CMI) Homeowner Fixed Loan Product would be at 1% fixed interest for a term up to 20 years. All other loan criteria remain unchanged. | Approved | Pass |
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13-9257
| A | | Request of the Director of City Development to accept the offer of Rodolfo and Silvina Beltran to purchase 508 Randolph Street, an NSP- property. (Res. No. 13-0341) | Communication | Subject: (Direct Referral) Request of the Director of City Development to accept the offer of Rodolfo and Silvina Beltran to purchase 508 Randolph Street, an NSP-3 property. (Res. No. 13-0341)
Recommendation of the Loan Board of Review on August 15, 2013:
To approve the request of the Director of City Development to accept the offer of Rodolfo and Silvina Beltran to purchase 508 Randolph Street, an NSP-3 property. Further, that the Mayor, the City Clerk, and the Director of City Development are authorized to execute any documents necessary to complete the sale.
Fiscal Note: The property was acquired and renovated through the NSP-3 program. The City will receive $50,000 in proceeds, minus commissions and closing costs. | Recommended For Approval | Pass |
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13-9259
| A | | Request from Rosalinda Arredondo of 420 Walton Street for a Racine Energy Efficiency (REEP) Loan. | Application | Subject: Request from Rosalinda Arredondo of 420 Walton Street for a Racine Energy Efficiency (REEP) Loan. | Approved | Pass |
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