Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Funds topic
No spam. Unsubscribe anytime.
Authority weighs LBRF guideline changes and a $4,500 Habitat for Humanity request
Summary
The authority discussed expanding uses for its Local Brownfield Revolving Fund (currently about $60,000 in ARPA funds), including grant uses, and considered (but took no action on) a roughly $4,500 request from Habitat for Humanity for unexpected utility connection costs; members asked for clearer LBRF guidelines before approving grants.
Get email alerts on the Finance Funds topic
No spam. Unsubscribe anytime.
Planning staff reported the authority's Local Brownfield Revolving Fund holds approximately $60,000 in ARPA-funded resources and that additional funds are expected from future brownfield tax-increment captures. Ms. Gruenberg described existing LBRF guidelines as primarily structured around loans and gap financing and suggested exploring grant uses and prioritization for nonprofit projects.
Members discussed a specific request from Habitat for Humanity for about $4,500 to cover unexpected water and sewer connection costs. The board raised concerns about creating a precedent for reimbursing unexpected costs and emphasized the need for clear guidelines and procedures before approving grants; no action was taken on the Habitat request at the meeting.
