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Houghton County OKs $25,000 CDBG loan application for Red Hen Foods and Goods LLC
Summary
The Houghton County Board on Aug. 13 authorized a $25,000 Community Development Block Grant loan application to support a $200,000 project in Nisula, approving Resolution 24‑16 and empowering the county treasurer to execute the application and environmental certifications.
The Houghton County Board of Commissioners voted Aug. 13 to authorize submission of a $25,000 Community Development Block Grant (CDBG) loan application to support Red Hen Foods and Goods, LLC.
Jeff Ratcliffe, Executive Director and Houghton County Revolving Loan Fund administrator, told the board the $25,000 portion would come from the county’s revolving loan fund as working capital for a larger $200,000 project in Nisula. He said the $25,000 loan would carry a 10‑year term with a five‑year balloon and had been recommended by the county’s Revolving Loan Fund Committee.
The board adopted Resolution 24‑16 by roll call vote, 5–0. The resolution authorizes submission of the CDBG application to the Michigan Economic Development Corporation and states the project is consistent with the local community development plan and that at least 51% of beneficiaries would be low‑ and moderate‑income persons. The resolution also authorizes County Treasurer Lisa Mattila to execute the application and sign loan documents and to serve as the certifying official for the environmental review.
Commissioner Roy Britz moved adoption of the resolution; Commissioner Joel Keranen seconded. The motion passed on a recorded vote with all five commissioners in favor.
Next steps documented in the resolution require completion of an environmental review and formal written authorization from the MEDC before any project costs may be incurred.
