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Authority raises federal repair loan cap to $7,500 and removes percentage limit
Summary
The Douglas County Rural Housing Authority raised its Federal Loan limit from $5,625 to $7,500 and removed a percentage-based restriction; motion carried unanimously on March 19, 2025.
The Rural Housing Authority voted on March 19, 2025 to increase the Federal Loan limit from $5,625 to $7,500 and to remove the percentage-based portion of that limit. Mary Lou Bergman moved the measure and Lee Sandok Baker seconded; all members present voted in favor.
Board members said the federal loan should be used in conjunction with the County Loan. The minutes do not record changes to eligibility criteria beyond the limit increase. Staff indicated outreach will follow once loan limits receive County Board approval.
