EDA forwards construction loan program changes, proposes 33% borrower contribution

Mar 11, 2025

The EDA reviewed a construction loan program modeled on its business loan policy, accepted a 33% borrower contribution rule, and voted to forward the proposed committee structure and policy changes to council for approval.

The full story

The Economic Development Authority reviewed revisions to a "healthy and construction" loan program and agreed to forward the proposed policy and committee structure to the council.

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