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Council approves CDBG advisory board recommendation to bridge funding gap for new home at 44 S. Memorial Drive
Summary
The Common Council approved a CDBG Advisory Board recommendation to allocate HOME funds and $14,337 in non-federal revolving loan funds toward new construction at 44 South Memorial Drive; the roll-call vote was 10–2.
The Racine Common Council voted Feb. 19 to approve the Community Development Block Grant (CDBG) Advisory Board’s recommendation to support new construction at 44 South Memorial Drive with HOME program funds and a small non-federal revolving loan.
The advisory board recommended allocating HOME funds and using up to $14,337 from non-federal revolving loan funds to bridge a financing…
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