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Panel rejects plan to prepay 2009 Section 108 loan using prior-year program funds
Community and Neighborhood Services (Tuscaloosa City) · February 17, 2026
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Summary
Community and Neighborhood Services proposed shifting PY2020 and PY2024 funds to prepay a 2009 HUD Section 108 loan, but the panel voted down the motion after discussion of the proposed transfers.
Community and Neighborhood Services staff asked the panel to reallocate funds from prior program years to prepay a HUD Section 108 loan issued in 2009, but the motion failed.
Speaker 2, identifying the office by function, told the group the plan would move $84,442.95 from program-year 2020 into the…
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