Last week, the state Development Services Agency (DSA) began accepting applications for round four of the Local Government Innovation Fund (LGIF), which is designed to “provide financial assistance to local governments for planning and implementing projects that improve the efficiency of delivering community services,” according to a press release from the agency. Early indications from the previous rounds found that of the $45 million total allotted to LGIF, the $9 million for planning and feasibility study grants was significantly more popular than the $36 million for loans. However, so far in round four — which, like round two, offers only the loan and not the grant — there has been an encouraging level of increased interest in the loan portion of the fund, Gongwer reports.
LGIF applications are due to the DSA’s Office of Redevelopment by 5 p.m. on December 3, 2012. For more information about the program, read the press release.
