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Portage County RLF steering committee plans spring round; applicants must be shovel-ready and include Davis-Bacon estimates
Summary
County staff told commissioners the revolving loan fund skipped a fall cycle because funds were committed; a spring allocation round will be run by Regional Planning, with applications expected next Friday and allocation grants due mid-June. Projects must include Davis-Bacon wage estimates and committed funding.
Speaker 6, presenting for the community development revolving loan fund (RLF) steering committee, told the Portage County Board of Commissioners that the county skipped its fall RLF funding round because most funds were already committed and that a spring round will proceed this year. "We did not have one last fall because most of the RLF funds were committed," Speaker 6 said, adding that the county expects to release the application next Friday and that allocation grant applications will be due around mid-June.
Why it matters: The RLF provides gap financing for community development projects. Speaker 6 said the…
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