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Township opens public comment on CDBG annual plan and Section 108 loan program for Drayton Plains
Summary
Development staff opened a 30-day public comment period on the Community Development Block Grant (CDBG) annual action plan and presented a proposed Section 108 loan program to fund economic development in the Drayton Plains district; anticipated HUD allocation is about $362,000 and the proposed loan pool would allow roughly $1.8 million in loans.
Scott Elifkin, development grant coordinator, briefed trustees on two related items: the annual CDBG action-plan public hearing and a proposed Section 108 loan program aimed at stimulating economic development in the Drayton Plains district.
Elifkin said the township is projecting a federal CDBG allocation of about $362,000 and expects program income of roughly $30,000; because the program is at or…
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