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Albany County approves seed funding for affordable housing revolving loan fund amid requests for clearer business plan
Summary
The legislature authorized agreements to seed an Albany County Affordable Housing Initiative and a revolving housing loan fund; several legislators voted yes but asked for a detailed business plan and asked when county funds would transfer.
Albany County legislators authorized agreements providing seed money and administrative authority for a new Albany County Affordable Housing Initiative and a revolving housing loan fund on March 9.
The measures (recorded as resolutions 80 and 81) authorize the county to enter agreements with the Advanced Albany County Alliance Local Development Corporation and allocate seed funding as part of…
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