1308 Franklin Street rehabilitation loan
Summary
A grandmother in a wheelchair whose family has owned her home for 60+ years will get a $290,000 forgivable loan for a full code-compliance renovation — an unusually large award aldermen scrutinized before approving it unanimously.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jun 16, 2026.
Impact analysis
Up to $290,000 in federal HOME funds for one home, repayable in part if sold within ten years.
The longtime low-income homeowner and neighborhood character preservation.
Taxpayers bear the risk if the loan is forgiven without promised results, and nearby residents may deal with construction disruption or neighborhood changes.
Mentions & discussions (2)
Common Council — June 16, 2026
A grandmother in a wheelchair whose family has owned her home for 60+ years will get a $290,000 forgivable loan for a full code-compliance renovation — an unusually large award aldermen scrutinized before approving it unanimously.
Racine approves $9.7M forgivable loan for downtown housing, spa, and parking project by Hotel Verdant developer
Racine approves $9.7M forgivable loan for downtown housing, spa, and parking project by Hotel Verdant developer Racine County Eye
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