Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Franklin Development Corporation update: RDC signals support to advertise ~$300,000 annual funding
Summary
At its March 18, 2025 meeting, the Franklin City Redevelopment Commission heard a detailed update from the Franklin Development Corporation on loans, grants and program results and signaled consensus to advertise a resolution asking for roughly $300,000 in annual program funding; staff will prepare the resolution for next month.
Krista, a staff member who presented the Franklin Development Corporation (FDC) update, told the Franklin City Redevelopment Commission on March 18 that the FDC has been active in residential and commercial lending and façade grants, has increased residential grant caps to respond to rising construction costs, and is preparing a 2024 report for public release.
The update laid out program totals and performance. Krista said the FDC originated from a $5 million initial program in 2010 and that subsequent funding over the last decade totaled about $1.7 million; the FDC funds have been used for residential repairs, commercial façade matching and direct investments.…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
