TIF Forgivable Loan to House of Empowerment Approved
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Description
City Council approved Resolution 41-2026 providing a three-year forgivable loan of up to $200,000 in TIF #3 funds to A New Day Empowerment Center (dba House of Empowerment). The performance-based funding will help expand outreach services by upgrading the facility with a commercial kitchen and food preparation area.
Contract Details
Contract Amount
up to $200,000
Vendor
NEW DAY EMPOWERMENT CENTER DBA HOUSE OF EMPOWERMENT
Agency
City of Wichita Falls city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 7, 2026
Contract Term
three (3) year forgivable loan
Renewal Info
Three-year forgivable loan structure; forgiveness presumably contingent on performance terms in the agreement. No explicit renewal options beyond the three-year term are stated.
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