Economic Development Revolving Loan Fund (RLF) Committee

The Economic Development Revolving Loan Fund (ED RLF) Committee approves loans applied for through the Economic Development Revolving Loan program, a city-administered program leveraging federal dollars to provide "gap financing" to businesses with a primary lender. The Economic Development Revolving Loan Fund is funded with federal and state funds or Community Development Block Grants; the RLF manages these state funds.
 
Governing Law: The 
Economic Development Revolving Loan Fund Plan was established by Troy City Council Resolution R-40-90 in accordance with state and federal Community Development Block Grant (CDBG) rules.
 
Appointment: 

  • City Auditor;
  • Director of Public Service and Safety;
  • Finance Committee Chair;
  • Four members appointed by the Mayor; serving four-year terms

Residency: N/A

Agendas and Meeting Minutes: Available here.

Volunteer Application: Available here.
 

Members

   
NameAppointed by:Term Began:Term Expires:
William WolkeMayorJuly 6, 2016December 31, 2022
Shirley SnyderMayorJanuary 1, 1996December 31, 2024
Richard BenderMayorFebruary 5, 2019December 31, 2023
Joseph GravesMayorNovember 5, 2018December 31, 2025
Auditor (John E. Frigge)


Council Finance Chair (Todd Severt)
Director of Public Service and Safety (Patrick E. J. Titterington)