QUINCY — Aldermen approved funding for the first 10 projects in the Small Rental Rehabilitation Program during Monday’s City Council meeting. Building owners with property west of 18th Street, within the city limits, submitted proposals for funding assistance. Forgivable loans are available at zero percent interest for 50 percent of the total cost of renovation/construction up […]
Small Rental Rehabilitation Program
The City of Quincy has allocated $1 million in general funds to establish a small rental rehabilitation program. From that amount, a maximum of $250,000 will be set aside annually as a financial incentive for the development of residential rental housing. The goal of the SRRP is to rehabilitate existing, distressed rental dwelling units or […]
QUINCY — Quincy Mayor Mike Troup learned moments before Monday’s Quincy City Council meeting that a $350,000 cash balance accumulated by Quincy Township may be gifted to the city for its Small Rental Rehabilitation Program. “Awesome gift,” he said after Quincy Township Supervisor Cindy Brink made a presentation to aldermen. “Anybody else here have extra […]
Aldermen waited until after an executive session meeting to public address three resolutions on the agenda for Monday’s Quincy City Council meeting. They approved a motion to combine the three resolutions into one.