iv. 3.1 Repayable loans – Board member Janice Lucas moved to

Community Redevelopment Board · 2026-06-02 · agenda_item

The Community Redevelopment Board of the City of Panama City, Bay, has approved a new program offering 0% repayable loans over 24 months for non-profits undertaking affordable housing projects. This initiative is currently in the planning and approval phase, with the motion having passed by a 4-0 vote. The program is designed to support the completion of affordable housing projects. This could lead to opportunities for contractors, suppliers, and service providers involved in residential construction, including site preparation, utility work, framing, and finishing trades. Engaging with the non-profit organizations early in the process, before specific project plans and permits are finalized, could provide a competitive advantage for businesses looking to secure work related to these upcoming affordable housing developments.

loan term

24 months

loan interest rate

0 %

vote count

4 -0