Subject: Communication sponsored by Mayor Mason to issue a Community Development Block Grant (CDBG) home repair loan to 2501 Gilson Street. Recommendation of the CDBG Advisory Board on 12-09-24: To approve the terms as presented for the CDBG home repair loan and forgivable grant to the owner of 2501 Gilson St. Fiscal Note: The total project cost is up to $50,000, up to $25,000 is a grant, and up to $25,000 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

December 3, 2024

On agenda

January 7, 2025

Passed

January 7, 2025