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Neighborhood Economic <br /> Development Fund <br /> (NEDF) <br /> "...to provide new and retain neighborhood-based employment opportunities through <br /> the preservation and enhancement of neighborhood commercial areas." <br /> Who's Eligible: Neighborhood-based Current Budget: $325,000 <br /> business associations,non-profit corpor- <br /> ations, local development corporations, <br /> and other neighborhood-based groups <br /> Application Procedure: Applications will estimated Annual Production: N/A <br /> be accepted on an on-going basis until all <br /> funds have been committed <br /> Contact Person: Dave Wickstrom, 673-5078, Commercial Development Department <br /> Program Summary: The NEDF program provides loans or grants to eligible groups <br /> for activities that accomplish the rehabilitation, revitalization, or expansion of a <br /> neighborhood commercial center. Eligible activities include acquisition of buildings for <br /> commercial rehabilitation, acquisition of land or buildings for parking lot construction, <br /> rehabilitation of commercial buildings, storefront renovation,pedestrian and <br /> streetscape improvements, etc. There are 50 neighborhood commercial center's <br /> identified within the City; those centers located within the City's low- and moderate- <br /> income neighborhoods will receive the highest priority for funding through NEDF. <br /> - 31 - <br />