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Gifford Neighborhood Plan 2014 <br /> FUNDING SOURCES <br /> To im lement strategies and actions that are developed through this neighborhood plan, funding sources must be identified. The <br /> p <br /> following are possible funding sources that may be utilized for implementing various strategies: <br /> ➢ Community Redevelopment Agency (CRA) <br /> ry <br /> ns and a <br /> A local government may form a CRA following the completion of a study and selinhto conduct studsence of ies; and to const t <br /> plan to address those conditions. CRA's are empowered to buy, assembleproperty; <br /> capital improvement projects. CRA's may raise funds through several means including Tax Increment Financing. <br /> ➢ Safe Neighborhood Improvement Districts <br /> A local government may adopt an ordinance that authorizes the formation of a neighborhood improvementtdistr ct. Once t e drlgrant <br /> strict <br /> is created, the local government may levy on that district a ad valorem tax on real and p property <br /> from the Safe Neighborhood Program, created pursuant to s163.517 F.S. unds s Theseactions may include modificthat levy may be ations to to existing <br /> ate actions <br /> deemed most suitable for implementing safe neighborhood improvement plan <br /> street patterns; removal, razing, renovation, reconstruction, remodeling, with relocation, and <br /> as agencies providing relevant informationant of existing structures l, <br /> facilities; addition of new structures and facilities; and coordination with g <br /> educational, and crime prevention services. <br /> ➢ Community Development Block Grants (CDBG) <br /> The housing, the neighborhood revitalization, and the economic development CDBG <br /> categories <br /> may be used s e possibrete funding <br /> substandard <br /> sources for <br /> implementing strategies of this plan. Funds received through the housing CDBG category Ynd <br /> housing occupied by income eligible households. Housing CDBG funds may also used <br /> d to defundsh itapidbeaued housing <br /> aide <br /> finance replacement housing for the displaced occupants. Neighborhood revitalization <br /> infrastructure improvements. <br /> Economic development CDBG funds are available to local governments to provide necessary infrastructure or sites for new <br /> businesses or business expansions. Local governments may also lend CDBG funds directly <br /> to the <br /> sin s for ut la eid to cpeate tal s (land, <br /> building, equipment, site development). CDBG funds from the economic development category <br /> bs or <br /> N retain existing jeopardized jobs, primarily for low/moderate income persons. <br /> N <br /> p Indian River County 89 <br /> Community Development <br />