City Council on Monday gave Mayor Justin Bibb’s administration approval to establish the Residential Repair and Rehabilitation Revolving Loan Fund, which is meant to help residents make long-needed repairs to the city’s aging housing stock.
Cleveland is creating a revolving loan fund to to help lower-income households repair their homes. This aerial picture shows homes along Woodland Avenue and some adjacent streets.CLEVELAND, Ohio – The city of Cleveland intends to establish a revolving loan fund for home repairs by using at least $4 million left over from a decades-old housing program.
Now, the terms on those old loans are maturing, the debt’s being repaid, and the money that was set aside can be put back to use. Using the money for a revolving loan fund – as opposed to a one-time need -- also ensures the city doesn’t run afoul of federal guidelines that dictate when and how quickly a city must spend block grant money, Wackers said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rising gas prices once again top $4 across the WiregrassAfter a brief break from rising gas prices and with the unofficial start of summer vacations nearing, Wiregrass area motorists are once again experiencing sticker shock at the gas pump as prices now average more than $4 a gallon.
Read more »
Monday's deals: $4 smart plugs, $20 waterproof speaker, $99 smart TV, $179 Roomba, moreToday's best Amazon deals of the day include Alexa smart plugs for $4.49 each, a waterproof Bluetooth speaker, a $99 smart TV, and more.
Read more »
Slutty Vegan Founder Pinky Cole Raises $25 Million In Series A Funding Round With New Voices Fund And Enlightened Hospitality Investments As Lead InvestorsIn a For(bes) the Culture exclusive, Cole says she has raised $25 million through a Series A funding round that values her four-year-old brand at $100 million.
Read more »
Slutty Vegan Founder Pinky Cole Raises $25 Million In Series A Funding Round With New Voices Fund And Enlightened Hospitality Investments As Lead InvestorsIn a For(bes) the Culture exclusive, Cole says she has raised $25 million through a Series A funding round that values her four-year-old brand at $100 million. RaquelHarrisTV
Read more »
U.S. to ask world for more on global Covid fight as its own cash dwindlesAhead of the global Covid summit later this week, some officials worry the Biden administration’s effort is hobbled by a lack of additional pandemic response funding
Read more »