Create an expanded building renovation program in four investment areas to improve the business climate, combat vacancies, and contribute to the overall revitalization of the corridors.
TRANSFORMING THE CORRIDORS’ BUSINESS DISTRICTS
The East Side Commercial Districts Program will provide funding for building renovations in four investment areas—Jefferson Avenue Commercial District, MLK Park Business District, Broadway Fillmore, and Kensington Bailey. These investment areas were chosen because:
(1) they represent traditional mixed-used commercial districts, (2) there is demand from building owners, and (3) an established nonprofit Local Program Administrator (LPA) has shown an ability to administer a targeted building renovation program.
The LPA will use funds to award matching capital grants to district building owners, ensuring decisions are made at a local level with oversight from the community nonprofit. Each of the four investment areas will receive additional funds to administer the program and hire an experienced consultant to assist staff with program administration. These funds ensure LPAs receive the capacity building and technical expertise necessary to establish a portfolio of solid projects that have the greatest impact on the commercial district.
Broadway Fillmore Neighborhood Housing Services
Citizens’ Alliance, in partnership with the Black Chamber of Commerce
University District Community Development Association
WHY IT MATTERS
There is a need to expand neighborhood-serving businesses including retail, restaurants, and other services, and increase mixed-use opportunities along the corridors. At the same time, there is a desire to maintain the historic character of the buildings on the corridors and re-establish traditional walkable community business districts. Buildings along the corridors have a broad range of needs— from exterior façade renovations and interior improvements, to systems improvements and code compliance upgrades—that range in scale and cost. Additional funding will support building improvements, greater assistance for building owners, and improved capacity to market and implement the program.
FROM THE EAST SIDE COMMERCIAL DISTRICTS PROGRAM
LEARN ABOUT THE OTHER EAST SIDE AVENUES PROGRAMS
For more background, view the comprehensive East Side Plan.