Cannelton officials set two meetings Monday

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Public hearing, council gathering will address home-repair funding

Managing Editor

CANNELTON – Cannelton city leaders will conduct two public meetings Monday.

The first will be a public hearing beginning at 11:30 a.m. in the common-council room at City Hall. It will give city residents an opportunity to learn about a program they can use to make improvements to their homes.

The money is provided as loans that will be forgiven if homeowners reside in the repaired properties long enough. A loan of less than $5,000, for example, will require a homeowner to remain in the house for one year. Two years’ residency will be required for loans between $5,000 and $10,000 and three years will be required for higher amounts.

As the News reported in June, Tony Pappano of Insight 2000 intended to resubmit an application for a community development block grant through the Indiana Housing and Community Development Authority. An earlier application through the highly competitive program was denied.

The housing funds will also be the subject of a special council meeting at 6 p.m. in the same location. Mayor Mary Snyder said during a regular meeting Monday the city leaders agreed to contribute $2,000 in matching funds for the last application, and Pappano told her bumping that  commitment to $3,500 would improve the city’s chances. The council voted to support that increase.

“If we don’t try, we won’t get anything,” Councilman Jack Harris noted.