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IURA committee concurs with neighborhood investment allocations after modest CDBG and HOME increases
Summary
At its April 14 meeting, the IURA Economic Development Committee unanimously moved to concur with neighborhood investment committee recommendations after staff reported an extra $25,000 in CDBG and $70,000 in HOME funds; the vote also acknowledged ED loan fund balances and a tight CDBG timeliness deadline.
The IURA Economic Development Committee voted unanimously April 14 to concur with the neighborhood investment committee’s recommended economic development allocations after staff reported modest increases to federal funding. Nels, speaking for agency staff, said, “we got, you know, another 25,000 in CDBG and another 70,000 in home.”
The allocations shown in the committee packet would direct full funding to two job-training placement activities and add funds to the agency’s economic development (ED) loan program, according to the neighborhood…
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