The Chadron City Council meets in special session tonight at 6:00 to act on a request from High Plains Community Development Corporation for $150,000 in LB-840 funds to build 2 houses in Chadron.
High Plains plans to apply for a dollar-for-dollar match from the state for the city money and over $100,000 in privately-raised funds.
The proposal also calls for creating a revolving loan fund to reuse money from the project after the houses are sold and the buyers begin making payments.
A public hearing on the request was held last Monday, but no action was taken and tonight’s special meeting was scheduled because the city’s LB-840 advisory committee hadn’t been able to meet yet.
High Plains executive director Rita Horse told the council during the hearing that the request for city funds would be shelved if the project doesn’t get the state grant.