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Council to consider resolution releasing USDA oversight of revolving loan fund
City of Washington Committee of the Whole · February 10, 2026
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Summary
Staff told council USDA has offered to relinquish federal interest in the city’s revolving loan fund seeded by a 2015 $99,000 grant; staff will place a resolution on the next regular meeting agenda to accept the release and manage the fund locally.
City planning staff told the Committee of the Whole that the city’s revolving loan fund (RLF), originally seeded by a $99,000 USDA Rural Business Development Grant in 2015 plus $40,000 from local banks, has been revolved and USDA has offered to release federal oversight.…
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