Subject: Communication sponsored by Mayor Mason, to issue a Community Development Block Grant (CDBG) home repair loan and forgivable loan to 2304 West Lawn Avenue. Staff Recommendation: That the CDBG Advisory Board approves the CDBG Home Repair Loan for 2304 West Lawn Avenue as presented. Fiscal Note:Fiscal Note: $42,450.94 is the total project cost, $21,225.47 is a forgivable loan, and $21,225.47 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

April 4, 2025

On agenda

April 14, 2025

Passed

April 14, 2025