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City staff alert council to incoming SB‑31 revolving loan funds; FEMA and grant timing discussed
Summary
Staff notified the council that SB‑31 revolving loan funds will be available around July 31 and urged Roswell to prepare applications; council and staff also discussed FEMA estimates, CDBG/CDBG‑type grants, and the competitive nature of state recovery funds.
City staff told the Roswell City Council that the SB‑31 revolving loan program will open for applications around July 31 and encouraged the city to prepare an application because the program will be competitive. Staff said the fund totals $50 million statewide and that local applicants will compete with other communities affected by recent disasters.
Staff cautioned that many recovery programs are reimbursement‑based (FEMA), and therefore the city…
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