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Redevelopment Authority reports loan repayments, balance updates; staff to provide valuation data
Summary
At a regular meeting, staff reported repayments to the Redevelopment Authority loan and grant programs, replenishing several program balances and noting interest income; members asked for valuation and pipeline updates to show program impacts on the tax base.
At its 6:00 p.m. meeting, the Waukesha Redevelopment Authority heard an update on the authority's loan and grant programs, including recent repayments and current balances.
The presentation outlined that three construction loans made to Habitat for Humanity under the affordable housing development fund were repaid, replenishing that program. Jeff (staff presenter) said the authority also received "almost $9,000 in interest" when those loans were repaid, increasing funds available for new…
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