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CRA approves forgivable-loan increases for mixed-use affordable housing and a small business
Summary
The Fort Lauderdale CRA approved two forgivable-loan increases: $475,000 additional funding for VNR Family Enterprises (mixed-use rehab with five affordable units; commission set a 15-year affordability term for the five units) and $26,800 increase to Pleasant Image Distributing Inc. Minutes (M1) were also approved.
The Fort Lauderdale Community Redevelopment Agency board met after the conference meeting and approved two loan increases under the Property and Business Improvement Program.
The board approved a second forgivable-loan increase of $475,000 to VNR Family Enterprises to complete…
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