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EDA continues Gate City home-improvement referral program amid permit and tracking concerns
Summary
The EDA agreed to continue referring applicants to a Gate City Home Improvement loan program but asked staff to pursue better permit and reporting coordination after finding only two permit pulls from 17 applications last year.
The East Grand Forks Economic Development Authority voted Feb. 26 to continue participation with the Gate City Home Improvement Program, a loan-referral program in which Gate City earmarked funds and the city provides application and permitting support.
Gate City has earmarked $2,000,000 for home-improvement loans statewide; in East Grand Forks staff reported $53,500 in commitments last year and that 17 applicant forms were submitted from the city, while only two applicants ultimately pulled permits. Staff described challenges tracking whether loans led to…
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