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City seeks $3.71M federal loan guarantee for community development

Consent Grants & Federal Funding
$3.7M , Red tier (over $1 million)

Federal funding could support housing, infrastructure, or economic development projects across the city. The loan guarantee allows Birmingham to borrow at favorable rates for community priorities.

Counterparty: U.S. Department of Housing and Urban Development (HUD) Funding source: Federal Grant Action type: Resolution
passed 7–0
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