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Neighborhood Investment Fund
Targeted Investments, Tangible Results.
The Neighborhood Investment Fund is an annual, non-lapsing fund to finance economic development and neighborhood revitalization in 12 targeted areas of the District. The fund is capitalized by an annual contribution of 15 percent of the personal property tax, not to exceed $10 million.
- The goal of the NGP is to build stronger, healthier, and safer communities by nurturing community relationships through civic action and participation. This grant is not for program capacity building but, for nonprofit organizations wanting to work with residents to improve their community. RFA to be released in November.
- Small and Simple: applicants may request up to $15,000 in NGP funds and must complete the proposed project within 6 months of executing a grant agreement with the District.
- Major Projects: applicants may request up to $75,000 in NGP funds and must complete the proposed project within 12 months of executing a grant agreement with the District.
- Project Categories: Cultural, Historic, Social, Recreational Initiatives; Education and Skill Building; Public Safety; Physical Improvements or Beautification
Target Area Grant Program
- The goal of the TAPG is to fund initiatives that will revitalize target areas by strengthening economic development opportunities and improving quality of life. RFA to be released in late January.
- Up to $200,000 of TAPG funds and must complete the proposed project within 12 months of executing a grant agreement with the District.
- Project Categories: Affordable Housing; Education, Job Training and Job Placement; Commercial District Revitalization & Small Business Assistance; Senior and Youth Oriented Programming
Predevelopment Grant Program
- The purpose of the PDG Fund is to provide grants for predevelopment activities to qualified 501 c(3) nonprofit entities to determine feasibility for affordable housing, mixed-use, and community facilities in 12 Neighborhood Investment Fund (NIF) target areas. RFP to be released in December.
- Fund Manager: Local Initiative Support Corporation (LISC)
Land Acquisition and Predevelopment Loan Program
- The purpose of the LADP Fund is to provide low interest loans for land acquisition or predevelopment activities to non-profit 501 c(3) and CBE organizations for the development of affordable housing, mixed-use, and community facilities in twelve Neighborhood Investment Fund (NIF) target areas. RFP to be released in December.
- Fund Manager: The Reinvestment Fund (TRF)
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