Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board hears options for using $3 million in loan funds; HUD guidance limits some uses of CDBG money
Summary
Board members were told the county has about $3 million in federal loan funds and that federal CDBG rules and HUD guidance constrain permissible uses; staff proposed focusing funds on projects meeting HUD national objectives such as infrastructure benefiting low- and moderate-income residents.
A staff report at the Greene County annual meeting said the county has roughly $3,000,000 in federal loan funds available to lend and that many outstanding loans will mature within two years, returning capital to the loan pool.
The report said the county has been exploring options for using Community Development Block Grant (CDBG) funds more actively because demand for reimbursable loans is currently low. “For the county's…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
