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.
- City Auditor;
- Director of Public Service and Safety;
- Finance Committee Chair;
- Four members appointed by the Mayor; serving four-year terms
Agendas and Meeting Minutes: Available here.
Volunteer Application: Available here.
|Name||Appointed by:||Term Began:||Term Expires:|
|William Wolke||Mayor||July 6, 2016||December 31, 2026|
|Shirley Snyder||Mayor||January 1, 1996||December 31, 2024|
|Richard Bender||Mayor||February 5, 2019||December 31, 2023|
|Joseph Graves||Mayor||November 5, 2018||December 31, 2025|
|Auditor (John E. Frigge)|
|Council Finance Chair (Todd Severt)|
|Director of Public Service and Safety (Patrick E. J. Titterington)|