The Block Grant Challenge
Fund Type
Designated Fund
Designated Fund
Purpose
The Block Grant Challenge is new approach to sustainable neighborhood revitalization. It uses private sector "seed money" to unlock existing sidelined capital for residential property owners (both owner-occupied and rental). Based upon a successful initiative in Oswego, New York, the strategy is simple: get property owners to invest in the physical improvement of their properties by demonstrating that there are sound financial reasons to do so. Successful neighborhood applicants will meet the following minimum criteria: At least five properties must participate in any given block, grant funds used for facade (exterior) improvements only, maximum award is $1,000 per property (dollar-for-dollar match). The Competitive grant process is open to all neighborhoods inside the City of Lima.
The Block Grant Challenge is new approach to sustainable neighborhood revitalization. It uses private sector "seed money" to unlock existing sidelined capital for residential property owners (both owner-occupied and rental). Based upon a successful initiative in Oswego, New York, the strategy is simple: get property owners to invest in the physical improvement of their properties by demonstrating that there are sound financial reasons to do so. Successful neighborhood applicants will meet the following minimum criteria: At least five properties must participate in any given block, grant funds used for facade (exterior) improvements only, maximum award is $1,000 per property (dollar-for-dollar match). The Competitive grant process is open to all neighborhoods inside the City of Lima.
Created On
05/24/2023
05/24/2023