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09-3407
| A | | Request for changes in terms and conditions of rental rehabilitation loans. | Communication | Subject: Request from Racine Mutual Housing Association for
changes in terms and conditions of rental rehabilitation loans.
Recommendation of the Loan Board of Review on May 28, 2009:
To approve Racine Mutual Housing Association's request to change
terms and conditions of the rental rehab loans as agreed upon in the
RMHA Forbearance Agreement with the following changes to the
agreement:
First, under Duties of the City, paragraph 2, it should be understood
that all matters listed in the Forbearance Agreement should be
considered city issues for which the City Representative would be
present.
Second, under Duties of RMHA, item 1-k. should read "Properties sold
during the quarter."
Last, under 2. Policy Update, RMHA to put their policies in writing,
upon acceptance by their board, all should be reflected in their board
minutes. | Approved | Pass |
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09-3632
| A | | Kenosha/Racine Lead Free Community Partnership | Application | Subject: Kenosha/Racine Lead Free Community Partnership Update & Collaboration Efforts
Update: Progress in Racine has been steady. A total of 142 units
have been remediated for $1.2 million to date. The average cost per
unit is $6,868. Currently 8 units have signed contracts with work
underway soon and 5 units are on the waiting list. A new proposal
will be submitted to continue lead remediation in both Kenosha County
and City of Racine. K/R LFCP is asking for home improvement loan
"match dollars" to support their new application proposal.
Recommendation of the Loan Board of Review on May 28, 2009:
The Loan Board of Reveiw agrees to provide a match of $100,000 per
year over three years for $300,000 (in the form of rehabilitation loans
to owners and investors seeking improvements and lead remediation)
to the Kenosha/Racine Lead Free Community Partnership to support
their next lead remediation application.
Fiscal Note: | Approved | Pass |
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09-3633
| A | | Virginia and Jesus Zuniga of 1916 Mead Street | Application | Subject: Request from Virginia and Jesus Zuniga of 1916 Mead Street for a home improvement loan.
Recommendation of the Loan Board of Review on May 28, 2009:
To approve a $15,000 Homeowner Fixed Interest Loan at 3% interest
for a term up to 20 years. | Approved | Pass |
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09-3635
| A | | Vic and Susan Rodriquez of 2315 Taylor Avenue | Application | Subject: Request from Vic and Susan Rodriquez of 2315 Taylor Avenue for a home improvement loan.
Recommendation of the Loan Board of Review on May 28, 2009:
To approve a $15,000 Home Improvement loan at 5% interest for a
term up to 20 years. | Approved | Pass |
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09-3636
| A | | Don and Judith Rogalsky of 1933 Thurston Avenue | Application | Subject: Request from Don and Judith Rogalsky of 1933 Thurston Avenue for a home improvement loan.
Recommendation of the Loan Board of Review on May 28, 2009:
To approve a $20,000 home improvement loan at 5% interest for a
term up to 20 years. | Approved | Pass |
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09-3637
| A | | Craig and Angela Cook of 508 16th Street | Application | Subject: Request from Craig and Angela Cook of 508 16th Street for a home improvement loan.
Recommendation of the Loan Board of Review on May 28 2009:
To approve a $6,000 home improvement loan at 5% interest for a term
up to 20 years. | Approved | Pass |
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09-3638
| A | | John and Sherrie Dorn of 1412 Geneva Street | Application | Subject: Request from John and Sherrie Dorn of 1412 Geneva Street for a Rental Assistance loan.
Recommendation of the Loan Board of Review on May 28, 2009: To approve a $25,000 Rental Assistance loan at 5% interest for a term up to 20 years. | Approved | Pass |
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