The City was awarded a Department of Housing and Urban Development (HUD) Section 108 Loan in Fiscal Year 1996 - 1997 in the amount of $3 million. Some of the proceeds were expended on infrastructure projects, with the remainder targeted to fire sprinkler retrofit projects.
Fire Sprinkler Retrofit Program
The Fire Sprinkler Retrofit Program had a pre-determined sunset clause enabling the creation of the Economic Development Revolving Loan Fund (EDRLF). The EDRLF was designed to provide the City with resources to facilitate economic development through business lending activities or the provision of other inducements. The EDRLF serves as an important economic development tool for both business expansion and attraction efforts.
For more information, please contact Susie Flores at (760) 947-1909.