Urban Development Action Grant Reuse Board
Urban Development Action Grant (UDAG)Reuse BoardIn 1984 the City of East Tawas received a $449,000 Urban Development Action Grant from the Federal Government. This grant was one component of the Downtown Redevelopment program and was loaned to the developers of the Tawas Bay Holiday Inn to make the hotel and convention center a reality on beautiful Tawas Bay in the City of East Tawas. The loan was repaid and became the foundation for the UDAG Reuse program. This program established a perpetual, revolving, low interest loan account for purposes of assisting the owners of existing businesses and
Source: www.easttawas.com
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