County staff explains CDBG program-income fund for emergency repairs
County staff told the Contracts and Grants Committee that repayments and payoffs from prior CDBG-assisted loans create a recirculating program-income fund for emergency repairs, that payoffs become available the following fiscal year, and that collections above $35,000 must be reported to the state.
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County staff told the Contracts and Grants Committee that repayments and payoffs from prior Community Development Block Grant (CDBG) loans form a recirculating program-income fund used for emergency home repairs.
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