Subject: Communication sponsored by Mayor Mason, to issue a Community Development Block Grant (CDBG) home repair loan and a forgivable loan to 1202 Main Street. Staff Recommendation: That the CDBG Advisory Board recommends approval of the CDBG Home Repair Loan and Forgivable Loan for 1202 Main Street as presented. Fiscal Note: $8,600 is the total project cost, $4,300 is a forgivable loan, and $4,300 is a loan at 0.75% interest. There are sufficient funds in the CDBG Revolving Loan Fund. Loan payments will be paid to the CDBG revolving loan fund.

Committee

Community Development Block Grant Advisory Board

Requested by

City Development Department

Introduced

February 5, 2025

On agenda

April 14, 2025

Passed

April 14, 2025