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Famicos Foundation to receive $500k forgivable loan.

City of Cleveland logoCity of Cleveland
Disclosed value
$500k
From agenda
Document date
Aug 12, 2025

The 30-second brief

What it covers

Director of Economic Development is authorized to enter into a forgivable loan agreement with Famicos Foundation. The loan is for economic development assistance to finance improvements at 1355 East 105th Street. The loan amount is $500,000.

Who holds it

Famicos Foundation holds this loan contract with City of Cleveland.

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Contract details

Contract type
Loan
Amount
$500k
Document date
August 12, 2025
Term
NA
Vendor
Famicos Foundation
Agency
City of Cleveland
Source document
cleveland-city-council-committee-agenda-august-12-2025_490.pdf (Agenda)

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Questions about this contract

Who was awarded the loan contract by City of Cleveland?

Famicos Foundation was awarded this loan contract by City of Cleveland, as recorded on August 12, 2025. The contract value is $500k.

How much is the Famicos Foundation contract with City of Cleveland worth?

The Famicos Foundation contract with City of Cleveland is valued at $500k, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in cleveland-city-council-committee-agenda-august-12-2025_490.pdf (Agenda), dated August 12, 2025 from City of Cleveland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Famicos Foundation hold?

Famicos Foundation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Cleveland currently buying?

Explore City of Cleveland's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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