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Redevelopment Authority explores fee-based loan processing, residential projects and grant consultant
Summary
Board members discussed expanding the authority's services to process smaller tax-exempt financing, pursue residential programs including 55+ development, and engage consultant Sarah Halstone to pursue grants; no formal votes were recorded on these initiatives.
Members of the Lackawanna County Redevelopment Authority discussed March 26 a proposal to expand the authority's activities to include fee-based loan processing for smaller tax-exempt financing, pursue residential programs allowed by Commonwealth regulation, and work with consultant Sarah Halstone to seek grant funding.
A board member described prior experience processing a loan that produced a 2% fee for the authority and said…
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