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

Members shall represent a cross-section of and have experience in business, finance, real estate, banking, public utilities, local government, or in a field particular to the needs of the City of Troy.

Residency: N/A

Agendas and Meeting Minutes: Available here.

Board Interest Form: Available here.

Members