Revitalization Section 108 Loans CDBG Economic Development Leon - - PowerPoint PPT Presentation

▶

Jan 24, 2024 340 likes •446 views

City of Manchester, NH Downtown Economic Revitalization Section 108 Loans CDBG Economic Development Leon LaFreniere, AICP Investments in Public Facilities and ADA Access Elise Annunziata Todd Fleming Kerrie Xintaras Elizabeth

SLIDE 1

City of Manchester, NH

Leon LaFreniere, AICP Elise Annunziata Todd Fleming Kerrie Xintaras Elizabeth Lannon-Goodwin

Downtown Economic Revitalization

Section 108 Loans CDBG

– Economic Development – Investments in Public Facilities and ADA Access

Section 108 Loans

$7 Million in section 108 loans, 1999-2008
Section 108 loans used to renovate and

update historically significant buildings along Elm Street.

– Some commercial and residential mixed use

SLIDE 2

Historic Bond (above); Chase (upper left) and Dunlop (lower left) buildings on Elm Street

Job Creation/Retention:

Façade Improvement, Code Compliance, Revolving Loan Fund

SLIDE 3

NH Institute of Art – CDBG public facilities; ADA accessibility for student housing

Redevelopment in the Millyard Bringing high tech business to Manchester

Impacts of Entitlement and Grant Dollars

(CDBG, HOME, Lead Hazard Demonstration Grants, ESG)

Incentivize Private Investment
Promote Small Business Economy
Job Creation
National Exposure Enhancing

Manchester’s Competitive Relevance

Improved Quality of Life for Manchester’s

Citizens!

SLIDE 4

Manchester Housing Initiatives 2000-2014

Affordable Housing Development

908 Affordable Housing Units Developed

– 346 HOME Assisted Units

$9,030,659 City HOME Funds Invested
$2,000,000 City Affordable Housing Trust Funds

Invested

Leveraged several million dollars of additional

investment including Low Income Housing Tax Credits

Housing Rehabilitation/ Lead Hazard Control Program

750 Housing Units brought into compliance with

minimum housing codes and/or cleared of lead hazards

$6,643,111 of HUD Lead Hazard Control

Funding Invested

$700,000 of CDBG Funds Invested
$700,000 of City Affordable Housing Trust

Funds Invested Piscataquog River Apartments-150 Units Anagnost Companies

HOME Funds Invested: $600,000 HOME Assisted Units: 10

Stella Arms Apartments-66 Units

Manchester Housing and Redevelopment Authority/ Anagnost Companies

Total Development Budget: $11,344,484 HOME Funds Invested: $432,865 HOME Assisted Units: 10

SLIDE 5

The Brown School-34 Units

Manchester Housing and Redevelopment Authority

HOME Funds Invested: $650,000 HOME Assisted Units: 10 Total Development Budget: $ 6,358,051

The Gale Home-37 Units

Manchester Housing and Redevelopment Authority

HOME Funds Invested: $650,000 HOME Assisted Units: 18 Total Development Budget: $ 5,752,148

Laurette Sweeney Apartments-61 Units

Manchester Housing and Redevelopment Authority

HOME Funds Invested: $335,893 HOME Assisted Units: 10 Total Development Budget: $ 10,914,828

85-87 Laurel St. Veterans Housing Projects-3 Units

The Way Home

HOME Funds Invested: $347,176 HOME Assisted Units: 3 Total Development Budget: $ 375,000

SLIDE 6

110 Pearl Street

Lead Hazard Control Grant Funds

Funds Invested: $48,000 Assisted Units: 13

Renaissance VII –Straw Mansion-30 Units

NeighborWorks Southern New Hampshire

HOME Funds Invested: $450,000 HOME Assisted Units: 10

City of Manchester/ NWSNH Collaboration

Relationship established in the early 90’s
Affordable Housing Development

– 249 Units – $5,044,232 City Investment

Housing Rehabilitation Program

– 95 Units – $1,036,682 City Investment

Homeownership Down Payment Assistance

– 95 Units – $1,687,077 City Investment

NeighborWorks Southern NH

Certified Community Housing Development

Organization (CHDO) for the City of Manchester

Presenters

– Jennifer A. Vadney, Neighborhood Development Manager – Tom Krebs, Neighborhood Development Project Specialist

SLIDE 7

The Hollow 401 Spruce St./65 Massabesic St. 335-337 Lake Ave.

SLIDE 8

502 Spruce St. 393-395 Spruce St. Harriman Park – Parking Lot

SLIDE 9

Harriman Park

Expanded section of park Old Section of Park

434 Lake Ave

SLIDE 10

Looking to the Future

– Strategic Neighborhood Plans – Economic Development Initiatives – Housing Opportunities – Walkability – Alternative Transportation – Sustainability

Planning for the Future

2010 – 2015 CONSOLIDATED PLAN KEY STRATEGIES:

Healthy Neighborhoods
City Wide Economic Development
Homeownership & Affordable Housing Development
Health and Human Services
Emergency Shelter, Transitional Housing & Strategies for the Homeless
Recreational Opportunities
Infrastructure Improvements
Planning and Public Management
Education & Skills Development