https://madison.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1524997&GUID=53BA41BC-979A-4729-87AC-1B55E843121BLegistar15https://madison.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1524997&GUID=53BA41BC-979A-4729-87AC-1B55E843121B53BA41BC-979A-4729-87AC-1B55E843121B-2026-02-08-12-03-45Title: Authorizing the CDBG Office to accept a supplemental award of funds from the State of Wisconsin’s Neighborhood Stabilization Program (NSP) on behalf of Housing Initiatives, Inc. and amending the 2014 CDBG Adopted Operating Budget to recognize $27,500 in additional expenditure and revenue authority; and authorizing the Mayor and City Clerk to execute agreements with the State of Wisconsin and Housing Initiatives, Inc. to implement a specific rental housing project for low income households with NSP funds at a previously foreclosed property; and authorizing the Mayor and City Clerk to execute a Subordination of Mortgage in favor of first mortgage financing for two previously approved loans to Housing Initiatives, Inc. to Wisconsin Housing and Economic Development Authority (WHEDA) in forms as shall be approved by the City Attorney consistent with this Resolution.Sun, 08 Feb 2026 12:03:45 GMT