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Council advances emergency forgivable-loan fund and near-term aid plan to help households hit by federal shutdown
Summary
Council committees advanced a proposed $2.0 million forgivable-loan and emergency assistance fund to help households disrupted by the federal shutdown; an amendment increased the proposed pool to $2.5 million and designated the Community Foundation of Greater Memphis as fiscal agent.
Council members discussed a proposed City of Memphis emergency fund designed to provide immediate meal provision, housing interim services and utility assistance for families affected by the 2025 federal government shutdown. The proposal, drafted by Councilmember Dr. Easter Thomas, would establish a $2.0 million forgivable-loan fund and related emergency grants; an amendment raised the total to $2.5 million while requiring further reporting and a named fiscal agent.
Key terms in the draft included a five-year loan term with deferred repayment for the first 12 months, monthly reporting requirements to the city chief financial officer and chief legal…
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