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Council approves residential revolving loan fund loan to Desert Rose Holdings to spur housing
3868200 · June 18, 2025
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Summary
Council approved a residential revolving loan fund agreement with Desert Rose Holdings LLC; staff reported the RRLF account has about $440,000 available and has been used four times since creation.
The Pecos City Council voted to authorize a residential revolving loan fund (RRLF) agreement with Desert Rose Holdings LLC to support a housing project in the city.
Heather Ramirez, identified in the packet as the assistant city mayor, presented the resolution and said the RRLF is intended to stimulate housing development and that the fund currently holds “a…
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