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No. 2351 confirming boundary changes to AEDA to add SEDA, LaSalle Square and Marycrest/Hurwich
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No. 2351 confirming boundary changes to AEDA to add SEDA, LaSalle Square and Marycrest/Hurwich
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8/13/2009 8:33:42 AM
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and public agencies and be funded from a variety of federal and local sources, <br />• including the HOME Program, the Community Development Block Grant <br />Program, the Civil City budget and the Community Homebuyers Corporation, <br />among others. Activities funded from these sources will include: <br />a. Housing rehabilitation assistance for homeowners, first time <br /> homebuyers, and landlords. <br />b. Housing assistance, including counseling for home ownership and <br /> technical and training assistance through the REWARD Program <br /> and the neighborhood partnership centers. <br />c. Small business assistance through the Urban Enterprise Zone <br /> Program, the Neighborhood Business Development Corporation, <br /> and the Corporation for Entrepreneurial Development this <br /> assistance can include direct financial assistance in the form of gap <br /> financing loans. <br />d. Additional business assistance, in terms of larger loans, will be <br /> available on a case-by-case basis through the Business <br /> Development Corporation and the Industrial Revolving Loan Fund. <br /> This assistance will also be in the form of gap financing loans as <br /> determined by the respective private not-for-profit boards. <br />e. Resident assistance in the form of job readiness, counseling, and <br /> placement assistance through the UEA-Lilly Resident Employment <br /> Program for that portion of the Sample-Ewing Development Area <br />• that is within the Enterprise Zone boundaries. <br />f. Technical and planning assistance to neighborhood and business <br /> districts within the Sample-Ewing Development Area. <br />g. Various tax incentives, including tax abatement for real and <br /> personal property investment and Enterprise Zone tax credits for <br /> those businesses in the Sample-Ewing Development Area that are <br /> within the UEZ. <br />h. Receivership and rehabilitation of rental property. <br />The next section outlines very broad plans for the application of some of these <br />activities within each sub-area. Until more detailed plans are developed in conjunction <br />with the neighborhood residents, it is premature to develop a more detailed, specific set <br />of activities for each sub-area within the Sample-Ewing Development Area. <br />Expected Pacblic Benefit From the Economic Development of the Area <br />20 <br />
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