As copied from the DC.gov website on 9/16/08, originally found here.
The Neighborhood Investment Fund (NIF) is an annual non-lapsing, revolving fund to finance economic development and neighborhood revitalization in 12 target neighborhoods. The NIF is funded through an annual appropriation of 17 percent of a personal property tax, not to exceed $10 million.
One of the requirements of the enabling legislation, the Neighborhood Investment Act of 2004, is for the Mayor to develop NIF Investment Plans for each of the target area using input from community stakeholders including the Advisory Neighborhood Commissioners, residents, business owners, faith community, not for profit organizations, among other groups. The purpose of the Investment Plan is to set community priorities for how the NIF funds should be utilized in the target area over a five year period. The Investment Plan, which is the subject of this report, fulfills the legislative requirement for the Washington Highlands target area.
The District of Columbia Office of Planning in partnership with the NIF Program’s implementing agency, the Office of the Deputy Mayor for Planning and Economic Development, worked with community stakeholders to develop an investment plan for the Washington Highlands target area, which is bounded by starting at the corner of Southern Avenue and South Capitol Street, SE, north along South Capitol Street, north along Livingston Road, SE, northeast along Valley Avenue, SE, southeast along Wheeler Road, SE, and southwest along Southern Avenue, SE.
The Office of Planning is publishing the draft Washington Highlands Target Area Investment Plan for a 30 day public comment period. Comments must be postmarked by the close of the comment period, which is March 7, 2008. Information on where to review a copy of the plan and how to submit comments is set forth below. Once the 30-day comment period has elapsed, the Final Draft Plan will be submitted to the Council for its approval.
For more information or to submit comments, please contact Aubrey Thagard, Ward 8 Neighborhood Planning Coordinator, (202) 442-7618, Aubrey.Thagard@dc.gov.
The redevelopment plan is currently in draft form.
To see the links to the plans as PDF's, please click here.
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