Housing & Development
The City works to ensure that each neighborhoods has building blocks it needs to thrive and grow. Providing access to affordable housing and improving resources for small businesses are just two key components of the City's efforts to support neighborhood livability and foster economic development.
DHED's single family home program supports repairs or improvements to existing affordable single family units. Units are counted when projects are approved for payment by HED. The 2011 goal was to create 2,042 single family homes. Note that unit totals are adjusted to account for units receiving benefits from multiple HED programs: each unit is only counted once.
DHED's multi-family home programs support the creation of new affordable multi-family housing units along with the preservation of existing affordable units in the City. Units are counted when financial commitments are approved by the City Council. The 2011 goal for multi-family affordable homes is to create/rehab 5,662 homes.The graph below charts progress toward the annual goal.
The Small Business Improvement Fund (SBIF) program uses Tax Increment Financing (TIF) revenues to help owners of commercial and industrial properties within specific TIF districts to repair or remodel their facilities for their own business or on behalf of tenants. The chart shows the amount (in dollars) in both grant money, and leveraged capital. Spending is counted in the month in which the project was completed.