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EDA approves loan forgiveness for 2014 ACAP rental townhomes; staff says no new financial impact
Blaine Economic Development Authority · December 15, 2025
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Summary
The EDA approved forgiveness of a $450,000 loan to Anoka County Community Action Program for rental townhomes built in 2014; staff reported the loan was recorded as an expenditure at the time, so forgiveness will not change current EDA finances.
The Blaine EDA approved a resolution forgiving a 2014 loan to the Anoka County Community Action Program (ACAP) for rental townhomes at the northwest corner of University and 109th.
Elizabeth told the board the EDA loaned $450,000 to ACAP…
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