EDA approves interim change to façade loan program to allow two $5,000 loans per building

Sep 9, 2025

The EDA approved a stopgap revision to the façade loan program allowing buildings to take up to two separate $5,000 loans (combined $10,000) to help local businesses finance multiple projects while a full program rewrite is developed.

The full story

City staff presented an interim update to the façade loan program that keeps the individual loan cap at $5,000 but allows a single building to take two separate loans for different projects, for a combined maximum of $10,000.

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