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Committee amends density‑district priority business loan program boundary language and forwards resolution to full IURA
Summary
The committee reviewed staff amendments to the IURA lending policy (density‑district priority business loan program), debated whether to include the Southworks/waterfront areas in the target boundary, and adopted staff amendments to send to the full IURA.
Staff presented proposed amendments to the IURA’s density‑district priority business loan program, noting receipt of comments from local stakeholders. Members debated the map boundary and whether the target area should be contiguous or include the Southworks waterfront area; one member said bringing residential properties into the target area could undermine the program’s intent to prioritize commercial revitalization.
Staff and committee members discussed that Southworks had previously been eligible under CTAP as a former brownfield site and that the revised target area focuses on the downtown revitalization initiative and West State Street corridor. Several members said boundaries can be revisited and updated as conditions change.
After discussion, the committee adopted the staff‑amended resolution and voted to forward it to the full IURA for final action; the committee recorded the motion as carrying unanimously in the transcript. The committee noted the item will move to the full IURA next week.
