Subject: Communication sponsored by Mayor Mason, to issue a Community Development Block Grant (CDBG) home repair loan and forgivable loan to 944 Park Avenue. Staff Recommendation: That the CDBG Advisory Board approves the CDBG Home Repair Loan for 944 Park Avenue as presented. Fiscal Note: $50,000 is the total project cost, $10,000 is a forgivable loan, and $40,000 is a loan at 3% 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

April 4, 2025

On agenda

April 14, 2025

Passed

April 14, 2025