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Highlight: SB 856 would restore CDC's grant and lending authority
Gulliguchi Historic Neighborhoods Community Development Corporation · March 18, 2026
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Summary
Executive Director Thomas Foxley told the CDC board that Senate Bill 856 would reinstate the Community Economic Development Act and allow the CDC to make public grants and loans; the board asked staff to consult legal counsel and monitor the bill.
"There’s currently a bill in the Senate Finance Committee introduced in January, Senate Bill 856, which effectively would reinstate the Community Economic Development Act," Executive Director Thomas Foxley said. Board members asked staff to consult legal counsel and return with options if the bill does not advance.
