Subject: Communication sponsored by Mayor Mason to issue a Community Development Block Grant (CDBG) home repair loan and a forgivable grant to the owner of 1025 Melvin Ave. Recommendation of the CDBG Advisory Board on 10-14-24: To approve the terms as presented for the CDBG home repair loan and forgivable grant to the owner of 1025 Melvin Ave. Fiscal Note: $14,548.14 is the total project cost, $7,274.07 is a grant, and $7,274.07 is a loan at 0.75% interest. There are sufficient funds available in the CDBG Revolving Loan Fund.

Committee

Community Development Block Grant Advisory Board

Requested by

City Development Department

Introduced

October 2, 2024

On agenda

November 19, 2024

Passed

November 19, 2024