This chapter shall be known as the "City of College Park Federal Community Development block Grant (CDBG) Program."
[HISTORY: Adopted by the Mayor and Council of the City of College Park 7-20-1976 by Ord. No. 76-O-7. Amendments noted where applicable.]
Every unpaid loan or grant under the CDBG program subsidized, in whole or in part, by the City or guaranteed to the lender by the City shall constitute a lien on any real property of the borrower in the city. Any default on a loan repayment for which the City becomes liable as a guarantor shall be collected in the same manner as City taxes or by suit at law.
[Added 2-14-1984 by Ord. No. 84-O-1]
The City is authorized to establish a program for low-interest loans for the rehabilitation and/or renovation of business facades.