SAGINAW, MI – The city’s annual community development grant program could invest $ 2.2 million this year in rehabilitating homes, demolishing dilapidated structures, supporting loans for business expansion and helps low-income homeowners, records show.
Saginaw City Council will vote on a proposed disbursement of funding based on the US Department of Housing and Urban Development at the council meeting on Monday, July 26 at 6:30 p.m. at City Hall, 1315 S. Washington.
The council gives its final approval on how to spend federal block grants funds for community development each year. The process begins when members of the Saginaw Human Planning Commission assess submissions from agencies seeking financial support. This commission then presents a proposal to the municipal manager of Saginaw, who seeks council approval.
The proposal awaiting final council signing would spend nearly half of the $ 2.2 million on home redevelopment and scourge elimination, while another significant change would improve street conditions in targeted neighborhoods. , indicates the agenda of the meeting.
If approved by the board, the funds would support 29 initiatives.
The two largest parties are reportedly investing $ 526,597 to rehabilitate homes in the neighborhood with residents earning low to moderately low wages and $ 501,721 to demolish dilapidated homes in the city, records show.
The proposal also includes $ 300,000 for street improvements in some of those same neighborhoods, the agenda says.
Another block grant initiative would fund $ 126,199 for the Saginaw Economic Development Corporation, which would provide loans to businesses in eligible neighborhoods.
Three different programs run by Habitat for Humanity reportedly spend $ 34,037 in total to help homeowners in targeted neighborhoods, according to records.
A copy of the municipal council agenda is available on the city’s website.
Although the Monday council meeting is held in person, residents can watch the session live or recorded on the city’s YouTube channel, or when the meeting is broadcast on SGTV, available on channel 191 for Charter Spectrum subscribers.
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