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Finance committee backs 0% home‑repair microloan program and urges council to oppose House Bill 335
Summary
Councilmember Morton said the finance committee found a 0% microloan home repair program feasible with LISC and Warsaw Financial and unanimously recommended a resolution opposing House Bill 335, which the report said would eliminate 'inside millage' and threaten roughly $552,000 in annual property-tax revenue.
Councilmember Morton told the Committee of the Whole on July 10 that the finance committee has confirmed the feasibility of a 0%-interest microloan program to help low-income homeowners address deferred maintenance, and is coordinating with LISC and Warsaw Financial to finalize implementation details.
"This project is fully feasible in collaboration with Warsaw…
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