Spokane County Board Briefing Session Agenda May 12 2026
Innovia Provides Bridge Loan For Wildfire Rebuilds
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Description
Innovia Foundation is extending a $300,000 zero-interest bridge loan to the Spokane Region Long Term Recovery Group to front costs for CDBG-DR-funded wildfire home rebuilds until Spokane County HUD reimbursements are received. The loan will be repaid at project completion from final County funding.
Contract Details
Contract Amount
$300,000 zero-interest loan
Vendor
INNOVIA FOUNDATION
Agency
Spokane County, WA
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
To be repaid at completion of project upon final reimbursement from County HUD funding
Renewal Info
Single zero-interest loan facility intended as bridge financing; repayment expected upon final County HUD reimbursement at project close.
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