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Item #2025-202 · City Council Meeting

$50M HUD grant funds downtown Mobile economic development loans

Grants & Federal Funding
$50.0M , Red tier (over $1 million)

Mobile secures $50 million in federal funding to launch a revolving loan program for downtown businesses and development projects named for Senator Richard Shelby. This capital supports local economic growth and job creation in the city's core.

Counterparty: HUD Funding source: Federal Grant Action type: Appropriation

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