|
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 TAPG is to fund initiatives that will revitalize target areas by strengthening economic development opportunities and improving quality of life.
- 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: Vocational Job Training and Direct Job Placement for youths and adults, focusing on trade development; Senior or Youth Programming; Affordable housing preservation; Small Business Technical assistance
The TAPG RFA is currently CLOSED.
- The purpose of the PDG Fund is to provide grants for predevelopment activities to qualified 501c(3) nonprofit entities to determine feasibility for affordable housing, mixed-use, and community facilities in 12 Neighborhood Investment Fund (NIF) target areas. RFP issued April 20, 2009 and will close July 31, 2009.
- Fund Manager: Local Initiative Support Corporation (LISC)
The PDG Fund Program is currently OPEN.
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 501c(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)
The LAPD Program is currently CLOSED.
To learn more, please select one of the links below:
 * This document is presented in Portable Document Format (PDF). A PDF reader is required for viewing.
Download a PDF Reader or Learn More About PDFs |
