The City Council of Anna, Texas, made significant strides in economic development during their recent meeting on September 9, 2025, approving a tax-exempt loan of up to $1,442,381.90 aimed at revitalizing the downtown area. This resolution, supported by the Anna Community Development Corporation (CDC), is a strategic move to refinance an existing loan with Lamar Bank, which had previously limited redevelopment efforts due to collateral restrictions.

Director of Economic Development, Joy Gresham, highlighted the importance of this refinancing as part of a broader initiative to enhance property values and stimulate growth in downtown Anna. The council's unanimous approval reflects a commitment to addressing the community's economic challenges while paving the way for future developments.

In addition to the tax-exempt loan, the council also discussed a taxable loan not exceeding $916,754.34, further demonstrating their proactive approach to funding projects that can benefit the community. Council members expressed optimism about the potential for increased property values and the positive impact on local taxes in the coming years.

As the city continues to navigate its financial landscape, these decisions mark a pivotal moment for Anna, positioning it for future growth and development. The council's actions signal a forward-looking strategy that aims to enhance the quality of life for residents and attract new investments to the area.