EDA considers construction‑loan program to support small multifamily projects
Staff proposed a construction‑loan program to help finance permits, infrastructure and construction costs for duplexes and triplexes, suggesting loans up to 50% of project costs, terms up to 20 years, lien security and repayment on sale; board debated reducing the share to about 33% given fund size.
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City staff proposed a construction‑loan pilot that would lend for permits, infrastructure improvements, materials and labor on small multifamily projects, aiming to spur production of duplexes and triplexes.
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