Ellsworth Estates

The Iowa Falls Revolving Loan Fund Committee will recommend to the City Council that it loan $250,000 to the Ellsworth Neighborhood Investment Group to finish eight condominiums at the old Ellsworth Municipal Hospital. The loan, which was proposed by City Manager Jody Anderson, would be interest-free for three years.

Iowa Falls is going to have to start behaving a little unconventionally if it wants to succeed.

That was the message from City Manager Jody Anderson to the city’s Revolving Loan Fund Committee this week as he advocated for a unique loan for the Ellsworth Neighborhood Investment Group: $250,000 for three years, no interest.

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