Subject: Communication sponsored by Mayor Mason requesting up to $373,600.00 for new construction of a single-family building on City-owned property at 1644 S Memorial Dr. Recommendation of the CDBG Advisory Board on 01-13-25: To approve the use of up to $373,600.00 in HOME funds to redevelop the property at 1644 S Memorial Drive and sell to a HOME-eligible homeowner. Fiscal Note: There are adequate HOME Funds available to cover the $373,600 cost for the new construction of the home. Any income generated from the sale of the improved property will be reinvested into the HOME Fund.

Committee

Community Development Block Grant Advisory Board

Requested by

City Development Department

Introduced

January 7, 2025

On agenda

January 21, 2025

Passed

January 21, 2025