1093-24
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
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