| Washington, D.C.-Congressman Dale E. Kildee (D-MI) announced today that the city of Saginaw has been awarded a $1.6 million loan guarantee to finance the rehabilitation of its parking deck. The U.S. Department of Housing and Urban Development awarded this grant to the city of Saginaw under the Section 108 Loan Guarantee Program.
“I pleased to announce that the city of Saginaw will receive a loan guarantee to help rehabilitate and restore the city’s parking garage,” said Kildee. “This loan guarantee will ultimately improve the infrastructure and safety of the parking garage by eliminating conditions that pose a serious threat to the public.”
The city of Saginaw will use the Section 108 funds to eliminate the deteriorated top two levels of its five story parking deck. The project involves completely demolishing floor slabs, stair towers, and elevators on the fourth and fifth levels. The remaining structure will be finished off where the portions above are removed. The project also includes replacing an existing traction elevator with a hydraulic elevator. | 
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