File #: 901-2022    Version: 1 Name:
Type: Emergency Ordinance Status: Administrative Review
File created: 9/11/2022 In control: City Council
On agenda: 9/12/2022 Final action:
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Directing a portion of the City’s Coronavirus Local Fiscal Recovery Fund payment to the City’s COVID-19 response by authorizing the Director of Economic Development to enter into one or more loan agreements with the Cleveland Development Advisors Community Reinvestment Fund, Inc. to extend loans for affordable housing and the renovation of vacant or abandoned properties, to be encumbered beginning March 3, 2021, and ending December 31, 2024; to enter into other similar agreements; and to apply for and accept grants and gifts.
Sponsors: Blaine A. Griffin, Justin M. Bibb
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, LOAN AGREEMENT, THE AMERICAN RESCUE PLAN ACT of 2021
Attachments: 1. 901-2022-arpa&loans-Opportunity CLE Fund 3, 2. 901-2022 Exec. Summary - Economic Recovery Opportunity CLE Fund

Title

AN EMERGENCY ORDINANCE Directing a portion of the City’s Coronavirus Local Fiscal Recovery Fund payment to the City’s COVID-19 response by authorizing the Director of Economic Development to enter into one or more loan agreements with the Cleveland Development Advisors Community Reinvestment Fund, Inc. to extend loans for affordable housing and the renovation of vacant or abandoned properties, to be encumbered beginning March 3, 2021, and ending December 31, 2024; to enter into other similar agreements; and to apply for and accept grants and gifts.