Reaffirm establishment of Riverside Non-Profit Revolving Loan Fund - Inland Empire Community Foundation grant agreement to provide approximately $2,363,766 in loan capital, $150,000 in startup costs, and $300,000 in operational costs for programmatic years one and two, for total of $2,813,766 to benefit capital and programmatic expansion activities for not-for-profit agencies located in, or benefitting, the City of Riverside (All Wards)

What this record is

Amount

$2.81M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

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Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council

Requested by

City Clerk

Introduced

September 3, 2024

On agenda

September 17, 2024

Where it was heard

City Council Sep 17, 2024 City Council Sep 17, 2024

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