The Economic Development Revolving Loan Fund (ED RLF) Committee approves loans applied for through the Economic Development Revolving Loan program, a city-administered program leveraging federal dollars to provide "gap financing" to businesses with a primary lender. The Economic Development Revolving Loan Fund is funded with federal and state funds or Community Development Block Grants; the RLF manages these state funds.

Governing Law: The  Economic Development Revolving Loan Fund Plan was established by Troy City Council Resolution R-40-90 in accordance with state and federal Community Development Block Grant (CDBG) rules.

Appointment:

  • City Auditor;
  • Director of Public Service and Safety;
  • Finance Committee Chair;
  • Four members appointed by the Mayor; serving four-year terms

Members shall represent a cross-section of and have experience in business, finance, real estate, banking, public utilities, local government, or in a field particular to the needs of the City of Troy.

Residency: N/A

Agendas and Meeting Minutes: Available here.

Board Interest Form: Available here.

Members

Name Appointed by: Initial Appointment: Current Term Expires:
William Wolke Mayor July 6, 2016 December 31, 2026
Shirley Snyder Mayor January 1, 1996 December 31, 2028
Josh Lephart  Mayor February 20, 2024 December 31, 2027
Troy Development Council CEO (Paul Oberdorfer) Mayor July 6, 2026 December 31, 2029
Auditor (John E. Frigge)      
Council Finance Chair (Todd Severt)  
Director of Public Service and Safety (Patrick E. J. Titterington)