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Updated July 29, 8:46 a.m.: All grants were approved.

Original post: The City of Niagara Falls' banking arm today will consider making $280,000 in grants for four market rate apartment rehabilitation projects and a hotel project.

NFC Development Corp. is being asked to approve:

-A $150,000 grant to Plati Niagara, the Strangio family company building a Wingate by Wyndham hotel at 333 Rainbow Blvd.

-Two grants of $40,000 and another grant of $30,000 for three projects of Cataract Development Company, a new venture for Michael Capizzi Jr., co-owner of Michael's Restaurant on Pine Avenue. The addresses of the three projects are 435 and 437 Third St. and 537 Main St.

-A $20,000 grant for Ciara Holdings for an apartment project at 1217 Main St.

The organization is chaired by Mayor Paul A. Dyster and has a board that includes the five City Council members along with other appointees from the business community. At the end of 2013, it had about $1.8 million in assets.

Here's today's full agenda:

NFC Development Corp. agenda - July 28, 2014