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Shelby council approves up to $10,000 no‑interest rehab loan for homeowner at 101 Spring St.
Summary
The Shelby City Council approved a no‑interest housing rehabilitation loan of up to $10,000 for homeowner Chad Dills at 101 Spring Street; the loan requires a 20% match and may be placed as a special assessment for up to five years and will be paid when specified work is completed and receipts submitted.
The Shelby City Council voted to approve a no‑interest housing rehabilitation loan for homeowner Chad Dills at 101 Spring Street during its Nov. 15, 2022 meeting.
Councilmember Karen Schlueter moved to approve the loan; Councilmember Jackie Hursey seconded the motion. The minutes record the loan amount as up to $10,000, with a 20 percent match required from the homeowner and a maximum five‑year special assessment placed on taxes. The work to be completed was recorded as replacement of windows, installation of vinyl siding and an aluminum overhang. The minutes state that once the work is completed and receipts are submitted, the loan will be paid to Chad Dills. Roll call: all ayes; motion carried.
The minutes do not specify the loan program name, funding source, or which city department will administer the inspection or payment process.
