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Transit Briefs: CTA; DART; Valley Metro

Transit Briefs: CTA; DART; Valley Metro
railwayage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from railwayage.com Daily Mail and Mail on Sunday newspapers.

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Lument Provides $28.8 Million Freddie Mac Unfunded Forward Loan for Affordable Multifamily Development in Phoenix

Lument Provides $28.8 Million Freddie Mac Unfunded Forward Loan for Affordable Multifamily Development in Phoenix
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Lument Provides $28.8 Million Freddie Mac Unfunded Forward Loan for Affordable Multifamily Development in Phoenix

Lument Provides $28.8 Million Freddie Mac Unfunded Forward Loan for Affordable Multifamily Development in Phoenix
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Small businesses thankful for Valley Metro grant program

Small businesses thankful for Valley Metro grant program
(Downtown Devil/DD)
Four months after the city of Phoenix and Valley Metro launched the Small Business Financial Assistance Program (SBFAP), local business owners in downtown Phoenix say they appreciate the boost.
The one-year pilot program provides direct financial assistance to locally-owned and eligible small businesses next to the Northwest Extension Phase II and South Central Extension/Downtown Hub projects.
Hilda Pena, owner of Botas Juarez, a boot barn in south Phoenix, has been approved for a $9,000 grant. She said she’s thankful to the City of Phoenix and Valley Metro for organizing the grant. Pena mentioned that Valley Metro and the City of Phoenix also provided different tools that would help her, such as a map of the light rail that runs by her storefront. ....

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South Phoenix light rail line gets 2 boosts: a $530 million federal grant and financial support for impacted businesses

South Phoenix light rail line gets 2 boosts: a $530 million federal grant and financial support for impacted businesses
Megan Taros, Arizona Republic
As the COVID-19 pandemic impacted light-rail ridership and squeezed small businesses along the south-central corridor just as light rail construction was beginning, both the project and business owners along the route will receive some security.
Valley Metro will receive $530 million in federal money from the Federal Transit Administration to fund the remainder of the approximately $1.35 billion light rail expansion. For business owners, the Phoenix City Council approved a plan to provide direct financial aid to those impacted by light-rail construction. ....

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