0868-24
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
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