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Roswell council approves $400,668 CDBG annual action plan to repay Section 108 loan for housing redevelopment
Summary
Council adopted the 2025 Annual Action Plan and a related budget amendment to set up $400,668 in CDBG funds to repay a Section 108 loan that will support redevelopment of Roswell Housing Authority property; closing and developer plans were discussed.
The Roswell City Council on Aug. 11 voted 6–0 to adopt the city’s 2025 Annual Action Plan for Community Development Block Grant (CDBG) funds and to approve a budget amendment setting up $400,668 for the program.
Chief Financial Officer Bill Gottschall said the $400,668 allocation will be used to repay a Section 108 loan held by HUD that supports the Roswell Housing Authority (RHA) Tel Free Pines redevelopment. The Section 108 loan mechanism lets CDBG recipients leverage annual grant allocations for…
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