Town of Luray Council Meeting Minutes February 2026
Luray Accepts $1M DHCD Industrial Revitalization Funds
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Description
The Town of Luray Council approved acceptance of $1,000,000 in Industrial Revitalization Funds from the Virginia Department of Housing & Community Development for the 15 Campbell Street project. The action authorizes execution of loan and performance documents under a 20-year commitment, with repayments dedicated to future industrial revitalization efforts.
Contract Details
Contract Amount
$1,000,000
Vendor
VIRGINIA DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT
Agency
Town of Luray, KS
Contract Type
FINANCIAL_SERVICES
Document Date
February 9, 2026
Contract Term
20 years (loan repayment commitment period for IRF program)
Renewal Info
Twenty-year commitment between the Town and HUB Development LLC under the DHCD IRF Grant/Loan program; principal repayments must fund similar industrial revitalization projects.
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