Prineville council opens public hearing on state Middle Income Revolving Loan program, directs staff to continue developing local rules
At a May 12 public hearing, Prineville planners outlined the new state Middle Income Revolving Loan (MIRL) program; councilors raised questions about monitoring 120% AMI compliance and developer defaults and voted to close the hearing while asking staff to return with detailed program rules.
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Prineville Planning Director Josh Smith presented the state’s Middle Income Revolving Loan (MIRL) program during a public hearing at the City Council’s May 12 meeting, describing the program as a relatively new state initiative with recent legislative fixes and a proposed local implementation framework. Smith said deed restrictions and local policies could address compliance standards and developer defaults.
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