Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing Assistance topic
No spam. Unsubscribe anytime.
Hartsville council approves first reading of forgivable loan ordinance for House of Hope
Summary
At its Nov. 10 meeting, the Hartsville City Council approved first reading of Ordinance 451 to provide a forgivable loan to the House of Hope aimed at facility repairs. Council said the loan includes a clawback provision; final terms remain subject to the nonprofit's board approval.
Hartsville — The Hartsville City Council voted Nov. 10 to approve the first reading of Ordinance 451, authorizing the city to provide a forgivable loan to the House of Hope and to execute related loan documents.
Council members and staff described the loan as forgivable but structured with a clawback provision to protect the city’s investment in the facility. During discussion a speaker stated the corrected total cost for the new roof and HVAC work is $85,000, lower than an earlier figure referenced; council members said the House of Hope’s board must also approve the terms before the loan becomes final.
Madam Manager read the ordinance by title and the motion for first reading was moved, seconded and approved by voice vote. The ordinance remains at first reading; council will consider subsequent readings and formal execution after the nonprofit’s board and staff finalize terms.
The meeting record contains inconsistent numeric references during the discussion; the ordinance as read into the record is Ordinance 451.
