Subject: Communication sponsored by Mayor Mason, to issue a Community Development Block Grant (CDBG) home repair loan and forgivable grant to 1220 Illinois Street. Recommendation of CDBG Advisory Board on 06-09-25: To approve the CDBG home repair loan and forgivable grant to the owner of 1220 Illinois Street as presented. Fiscal Note: $36,450 is the total project cost, $18,225 is a forgivable loan, and $18,225 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