The Community Development Department’s monitoring review of the 2016 loan to Robideaux aide Marcus Bruno found it in likely default for lack of compliance with federal requirements and recommends the nonprofit board that awarded it either modify the loan agreement, call in the loan or pursue legal action.
The gist: When his initial defense of an ethically questionable loan to one of his top aides fell short, Mayor-President Joel Robideaux turned to the city’s legal department to produce a report exonerating both his administration and the assistant. The report does neither.
Shortly after Robideaux’s October 2015 victory, he bought a north Lafayette home owned by Marcus Bruno’s wife, one listed for years in arrest reports as the residence of a repeat drug offender.
Former Community Development Director Phil Lank says a HUD-backed small business loan to mayoral assistant Marcus Bruno represents a conflict of interest.
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