Laserfiche WebLink
PART IV. PRIORITY COMMUNITY DEVELOPMENT (Non <br />Housing) NEEDS <br />Priority: Community Development Need -Economic Development <br />During the last five years, the City focused efforts on neighborhood commercial revitalization strategies that <br />inch~ded the use of CDBG funds for its three Redevelopment Project Areas to help meet the needs of the <br />businesses and neighborhoods in them. Some of the CDBG-fimded commercial revitalization activities <br />included commercial design and facade improvement assistance to eligible businesses, and rehabilitation of <br />the Manor Farnsworth Shopping Center. <br />In recent years, though, the City has begun primarily using its Redevelopment funds for economic <br />development activities. While the City intends to continue relying mainly on Redevelopment funds for <br />business revitalization over the next five years, it hopes to use some CDBG fiords, depending on availability <br />and need, for related activities such as loans to eligible small businesses and neighborhood commercial <br />development planning. <br />Obstacles <br />Potential decreases in future CDBG funding, which HUD has proposed beginning in FY 2006-07, or <br />Redevelopment funds would be an obstacle to the City's ability to fund any eligible economic development <br />projects. <br />Short and Long Term Obiectives <br />CDBG and Redevelopment funds will be leveraged with private and other public funding sources to enhance <br />economic revitalization opportunities in the City over the next five years. <br />Accomplishments <br />The City anticipates funding the following types of projects CDBG funds, based on need and funding <br />availability: <br />Provide five (5) small business loans to assist new or existing firms or companies over the next five <br />years provide economic growth or opportunities in the City <br />^ Adopt a Neighborhood Strategy/Plan for an economically distressed or historically underutilized area of <br />the City <br />Geographic Distribution <br />Economic development funding through the CDBG Program will be made available to eligible business and <br />for distressed, low income neighborhoods in the City. <br />Housing and Connnunity Development Sh~ategic Plan - FY 2005-09 <br />City of San Leandro <br />Page 22 <br />