Subject: Communication sponsored by Mayor Mason, to issue a Community Development Block Grant (CDBG) home repair loan and forgivable grant to 1718 Charles Street. Recommendation of the CDBG Advisory Board on 06-09-25: To approve the CDBG home repair loan and forgivable grant to the owner of 1718 Charles Street as presented. Fiscal Note: $25,500 is the total project cost, $12,750 is a forgivable loan, and $12,750 is a loan at 0.5% 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

Introduced

June 5, 2025

Passed

June 17, 2025