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West Allis approves $33,750 economic-development loan under CDBG program
Summary
The committee approved a $33,750 economic development loan to Honey Bread II LLC (5726 West National Ave.) under the Community Development Block Grant program and placed a notice on file for a FY2027 CDBG solicitation with anticipated funding of $1.3 million.
The Economic & Development Committee approved a resolution to issue an economic development loan of $33,750 to Honey Bread II LLC, located at 5726 West National Avenue, using funds from the Community Development Block Grant (CDBG) program.
Committee members asked if there was further discussion before the vote; the resolution was seconded and passed by voice vote. Earlier in the meeting the committee also announced a public input meeting and a notice of solicitation for fiscal year 2027 projects under the CDBG program, with anticipated available funding of $1.3 million; the committee placed that notice on file.
The loan resolution and the CDBG solicitation notice are intended to support small businesses and local economic development. The transcript did not include the loan’s detailed underwriting terms beyond the dollar amount and the applicant’s location; the committee record shows the motion was approved in meeting.
Next steps include finalizing loan documentation and any required notices for the FY2027 solicitation and public input schedule.
