Councilors Debate Redirecting Commercial‑revitalization Funds to Small Business/Housing Loan Program
Councilors probed a proposal to use repaid commercial‑loan funds from a 2017 “vision” package to capitalize a TEDC‑managed small business/housing loan program and discussed a separate HUD match request for the 36 North area; staff said funds originated from earlier revolving loan activity and that additional review and TEDC follow‑up were needed.
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Councilors discussed two related funding requests that would reallocate portions of a commercial‑revitalization pot established in a 2017 ballot package.
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