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IURA financial review highlights CDBG reprogramming and South Works award
Summary
IURA staff reported reprogramming more than $200,000 from slow-moving projects to accelerate spending, reviewed CDBG expenditures and deadlines, and noted a $38,000,000 state award for the South Works redevelopment site.
IURA staff reported to the board on grant- and loan-expenditure tracking and recent reprogramming actions intended to move slow-running projects into more active work.
Speaker 2 told members the agency reprogrammed over $200,000 at a December meeting to shift funds away from slow-moving activities and toward projects that can spend quickly. Staff flagged that December expenditures were light and that the agency aims for roughly $75,000 in monthly spending to keep CDBG obligations on…
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