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Gifford Neighborhood Plan Implementation <br /> ➢ Community Development Block Grants (CDBG) <br /> The housing, the neighborhood revitalization, and the economic development CDBG categories may be possible funding sources for <br /> implementing strategies of this plan. Funds received through the housing CDBG category may be used to rehabilitate substandard <br /> housing occupied by income eligible households. Housing CDBG funds may also be used to demolish dilapidated housing and finance <br /> replacement housing for the displaced occupants. Neighborhood revitalization CDBG funds may be used to provide infrastructure <br /> improvements. <br /> Economic development CDBG funds are available to local governments to provide necessary infrastructure or sites for new businesses <br /> or business expansions. Local governments may also lend CDBG funds directly to the business for capital expenses (land, building, <br /> equipment, site development). CDBG funds from the economic development category must be utilized to create jobs or retain <br /> existing jeopardized jobs,primarily for low/moderate income persons. <br /> ➢ Transportation Equity Act for the 21" Century Enhancement Program (TEA-21) <br /> This federal program focuses on improvements that complement the transportation system. TEA-21 funding is partially controlled by <br /> the local MPO. <br /> Several projects in Gifford could qualify for TEA 21 funding. TEA-21 funding can be used for bus stops, bike lanes, sidewalks, <br /> traffic calming, and street beautification (including landscaping). <br /> ➢ Florida Recreation Development Assistance Program Grants (FRDAP) <br /> FRDAP Grants can be used to maintain and improve Parks. <br /> The following are existing funding sources that are used for various projects in the Gifford neighborhood: <br /> ➢ State Housing Initiative Partnership (SHIP) Program <br /> The SHIP program is a County sponsored program that provides grants or loans to very low and low income persons to assist them in <br /> obtaining a home or rehabilitating their existing home. The SHIP Program is funded by a Documentary Stamp Tax that is collected by <br /> the State and administered by the County. Individuals that meet the income criteria must apply for SHIP assistance. Upon approval of <br /> the applicant's application, funds will be dispersed for activities that meet the requirements of the county's SHIP program. <br /> Community Development Department Indian River County 75 <br />