Gadsden council authorizes $4.5 million HUD Section 108 loan application for East Gadsden pool
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Council voted to submit a Section 108 loan application to HUD for $4,501,000 to build an outdoor pool at the East Gadsden Community Center, to be repaid from future annual CDBG allocations for up to 20 years; councilmembers framed the loan as a way to lock 2026 construction costs and serve East Gadsden youth.
Gadsden City Council on Nov. 10 adopted a resolution authorizing submission of a U.S. Department of Housing and Urban Development (HUD) Section 108 loan application for $4,501,000 to fund construction of an outdoor pool adjacent to the East Gadsden Community Center.
City staff and councilmembers explained Section 108 allows communities to borrow against future Community Development Block Grant (CDBG) allocations to finance larger capital projects. The loan would be guaranteed and repaid from the city’s annual CDBG allocation for up to 20 years. Council members said borrowing now secures construction pricing for 2026 and expands recreational opportunities in East Gadsden that have been without a pool for some time. Ruth Moffitt, a member of the mayor’s administration, was thanked for assembling the loan package.
A councilmember described the loan as effectively borrowing federal funds against future federal allocations; the council adopted the resolution on voice vote. The transcript contains no roll-call tally.
