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Council rejects $105,000 forgivable facade loan for Minot Housing Authority property
Summary
After extended debate over program eligibility and whether taxpayer funds should pay for a quasi-government property, the council voted down a $105,000 forgivable loan request from the Minot Housing Authority for 108 E. Burdick.
The Minot City Council declined a Minot Housing Authority request for a $105,000 forgivable loan to finance facade improvements at 108 East Burdick, voting the proposal down after a lengthy debate about eligibility and program intent.
Council members raised concerns that the facade program’s stated goal is to incentivize private investment in downtown properties and questioned whether a quasi-government agency should receive those funds. “I don't see the private investment. Everything in…
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