Title
Amendment to the FY 2010-2011 CDBG and HOME Annual Action Plan (B)
This is a request for the City Commission to approve the first amendment to the FY 2010-11 CDBG and HOME Annual Action Plan to add a new program, Purchase Assistance New Construction Program (PNC) as part of the City's Southeast Gainesville Renaissance Initiative (SEGRI).
Explanation
The Housing & Community Development Division (HCD) proposes to implement the Purchase Assistance New Construction Program (PNC) as part of the City's Southeast Gainesville Renaissance Initiative (SEGRI). The SEGRI is one of the City's initiatives to revitalize southeast Gainesville. The City established the SEGRI area to revitalize lesser developed areas of southeast Gainesville through the construction of new mixed-income housing, while providing a master plan to encourage equivalent quality development on other parcels in the area. The SEGRI initiative is designed to assist in revitalizing the area to eliminating slum and blight by encouraging mixed-income infill residential developments in older neighborhoods in southeast Gainesville. As part of the SEGRI, the City prepared a Neighborhood Revitalization Strategy (NRS) which is designed to address how to revitalize lesser developed areas within the SEGRI through economic development, housing development, and other social services (including community building, education, community facilities and services, crime prevention, and neighborhood character). The SEGRI NRS boundaries are bordered by East University Ave, SE 11th St, S.C.L. Railroad, SE 22nd Ave, City Limits, east of Lincoln Estates Neighborhood, part of SE 8th Ave, and SE 24th St. The SEGRI NRS covers an approximate area of 746 acres. Attached for reference is a copy of memorandum dated May 11, 2011 to the City Commission providing an overview of the PNC SEGRI program.
The purpose of the PNC-SEGRI will provide financial assistance to qualified first-time homebuyers to purchase new homes l...
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