Commercial Revolving Loan

To foster the rehabilitation of the city’s commercial buildings within the city center a revolving loan fund (RLF) should be established. The RLF would be administered by the City of Payette and local financial institutions and would allow building owners the opportunity to borrow funds for rehabilitation at below market rates. Funded by a state community development block grant, the RLF would create an incentive for renovating the city’s commercial structures while continuing to revolve to assist future projects.

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