Comment on Atlantic City Files Lawsuit Over Loan Program That Promised Relief For Struggling Residents, Businesses

Atlantic City Files Lawsuit Over Loan Program That Promised Relief For Struggling Residents, Businesses

Atlantic City Files Lawsuit Over Loan Program That Promised Relief For Struggling Residents, Businesses

(shonuff444) Back in 2013, Atlantic City launched a loan program aimed at providing up to $40 million in financial relief to the city’s struggling homeowners and businesses. But after nearly two years and an investment of $3 million, the people of AC have received little help, leading the city to file a lawsuit against the company hired to administer the program. The Associated Press reports that Atlantic City is suing ZeMurray Street Capital to recoup the $3 million it gave the company to run the Community Loan Program. Atlantic City alleges in the lawsuit that the company and operator W.

 

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