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Council approves $300,000 CDBG loan for South Main Street renovation
Summary
Bryan City Council unanimously approved Resolution No. 352025 to use Community Development Block Grant economic development revolving loan funds to support TDK Holdings LLC's rehabilitation of 113–115 South Main Street into short- and long-term rental units.
Bryan City Council on Monday approved Resolution No. 352025 authorizing the use of Community Development Block Grant (CDBG) economic development revolving loan funds to support TDK Holdings LLC’s renovation of the upstairs at 113–115 South Main Street. The council voted yes on a $300,000 loan at a 3% interest rate for 20 years to help finance the project.
The resolution matters for downtown revitalization: the project, described by city staff as creating "Fountain…
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