TO: CRA Board of Commissioners
FROM: Alexina Jeannite, Community Engagement Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: September 29, 2022
Title
CRA FUNDING ASSISTANCE UPDATE
Body
Recommended Action:
Recommendation
Discussion on CRA Business Funding Assistance Programs.
Body
Background:
At the September 1, 2022 CRA Board Meeting, the Board instructed staff to look into implementing a needs-based element to the CRA’s Business Funding Assistance Programs. This is an item to discuss a strategy to move forward with this direction.
Current Programs:
Ø Project Consultancy & Design Services Program
Ø Site Development Assistance Program
Ø Paint-Up & Signage Program
Ø Rent Subsidy Program
Ø Historic Façade Improvement Program
Ø Development Infrastructure Assistance Program
Ø Land Value Investment Program
Ø Job Creation Bonus Program
Click the Link Below to View all Program Guidelines and Application:
<https://delraycra.org/funding-assistance/>
CRA Attorney Review:
N/A
Finance Review:
N/A
Funding Source/Financial Impact:
N/A
Overall need within the Community Redevelopment Area from Delray Beach CRA Redevelopment Plan:
Removal of Slum And Blight
Land Use
Economic Development
Affordable Housing
Downtown Housing
Infrastructure
Recreation and Cultural Facilities