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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 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 Shaw target area, which is defined as starting at the corner of 9th Street and Florida Avenue, NW, east along Florida Avenue, NW, to North Capitol Street, south along North Capitol Street to Massachusetts Avenue, west along Massachusetts Avenue, NW, to 9th Street, NW, and north along 9th Street, NW, to Florida Avenue, NW.
The Office of Planning published the draft Target Area Investment Plan for a 30 day public comment period which ended on September 7, 2008. A copy of the revised plan based on public comment was submitted to the District of Columbia Council for review and approval on October 7, 2008.
To view the final draft plan, select the link below:
To view documents from the Community Meetings, select the link below:
For more information contact Emily Yates, Neighborhood Planning Coordinator-Ward 2, DC Office of Planning, by mail at 801 North Capitol Street, NE, Suite 4000, Washington, DC 20002; by telephone at (202) 724-4314; fax at (202) 442-7638; or by email Emily.Yates@dc.gov.
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