Town of Boones Mill Town Manager's Report 2026-04-14
Carter Bank & Trust Commits $450K to Revitalization
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Description
Carter Bank & Trust has committed $450,000 in private investment as leverage funding for Boones Mill’s Downtown Revitalization project under the DHCD CDBG grant. The bank’s funds will be deployed ahead of or proportionally with CDBG dollars for eligible activities.
Contract Details
Contract Amount
$450,000.00 (private investment leverage commitment)
Vendor
CARTER BANK & TRUST
Agency
Town of Boones Mill, VA
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Renewal Date
2028-03-10
Renewal Info
Leverage commitment tied to the life of the DHCD CDBG project and associated budget activities.
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