The City of Wayne has been fortunate to obtain Community Development Block Grant Funds
from the Nebraska Department of Economic Development. Once the initial loans were repaid to the City of Wayne, a reuse plan was developed. The city may now loan the funds out again to other qualifying businesses.
All projects must meet one of three national objectives:
- Benefiting low- and moderate-income persons; or
- Aiding in the prevention or elimination of slums or blight; or,
- Meeting other community development needs having a particular urgency because existing conditions pose a serious and immediate threat to health or welfare of the community and other financial resources are not available to meet such needs.
The City currently has 20 businesses using these funds. These funds are considered gap financing funds and are used to help fill needs of businesses that banks or lending institutions cannot meet.
View Current Guidelines
2012 Revolving Loan Fund Guidelines
Wayne Revolving Loan Fund Application