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0760-24
| A | | 2509 - 16th St. & 1624 Holmes Ave. HOME project | Communication | Subject: Communication sponsored by Mayor Mason requesting up to $2 Million in HOME Funds for property redevelopment at 2509 Sixteenth Street and 1624 Holmes Avenue.
Recommendation of the CDBG Advisory Board on 12-09-24: To approve an allocation of up to $2 million in HOME funds for the demolition and redevelopment of 2509 Sixteenth Street, as well as for the development of the city-owned lot at 1624 Holmes Ave.
Fiscal Note: The HOME fund currently has sufficient resources to cover the demolition and redevelopment of 2509 Sixteenth Street and the development of 1624 Holmes Ave. | | |
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1091-24
| A | | 3617 Clairmont St. CDBG Loan | Communication | Subject: Communication sponsored by Mayor Mason to issue a Community Development Block Grant (CDBG) home repair loan to 3617 Clairmont St.
Recommendation of the CDBG Advisory Board on 12-09-24: To approve the terms as presented for the CDBG home repair loan and forgivable grant to the owner of 3617 Clairmont St.
Fiscal Note: $35,500 is the total project cost, $17,750 is a grant, and $17,750 is a loan at 0.75% interest. There are sufficient funds available in the CDBG Revolving Loan Fund. | | |
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1092-24
| A | | 2915 Douglas Ave. CDBG Loan | Communication | Subject: Communication sponsored by Mayor Mason to issue a Community Development Block Grant (CDBG) home repair loan to 2915 Douglas Ave.
Recommendation of the CDBG Advisory Board on 12-09-24: To approve the terms as presented for the CDBG home repair loan and forgivable grant to the owner of 2915 Douglas Ave.
Fiscal Note: $36,950 is the total project cost, $10,000 is a TID grant through the CDA, $13,475 is a forgivable grant, and $13,475 is a loan at 0.75% interest. There are sufficient funds available in the CDBG Revolving Loan Fund. | | |
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1093-24
| A | | 2501 Gilson St. CDBG Loan | Communication | Subject: Communication sponsored by Mayor Mason to issue a Community Development Block Grant (CDBG) home repair loan to 2501 Gilson Street.
Recommendation of the CDBG Advisory Board on 12-09-24: To approve the terms as presented for the CDBG home repair loan and forgivable grant to the owner of 2501 Gilson St.
Fiscal Note: The total project cost is up to $50,000, up to $25,000 is a grant, and up to $25,000 is a loan at 0.75% interest. There are sufficient funds available in the CDBG Revolving Loan Fund. | | |
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