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Portland CDBG review panel requests financial details, removes incomplete application; no awards decided
Summary
The Portland CDBG development review committee examined multiple grant applications, asked staff to obtain a YFO pro forma and additional performance data, and removed one incomplete application from consideration; members raised questions about applicant locality and stability but made no funding awards.
At a meeting of the Portland CDBG Development Review Committee, staff and committee members reviewed a slate of development and microenterprise applications, asked for additional financial documentation on one large housing project, and removed one incomplete application from consideration.
The committee asked staff to obtain a pro forma from the YFO project developer to clarify total development costs and which funding sources have been secured. "Mary suggested ... we could reach out to the developer to ask for a pro forma that summarizes…
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