The Daily Gazette
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More information needed on proposed CDBG grant

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The Schenectady City Council should use its review of this year’s CDBG (Community Development Block Grant) requests to take a more careful look at the $3 million the city wants to borrow from its future CDBG awards for a “neighborhood stabilization program.” In particular, the council needs more information than it now has about the $500,000 included in this loan application for a private developer (Maxon Alco Holdings, a Galesi company) to demolish the old ...

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