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 Logan Circle target area, which is defined as starting at the corner of 9th Street, NW, and Florida Avenue, NW, south on 9th Street, NW, to Massachusetts Avenue, NW, to 16th Street, NW, north on 16th Street, NW, to U Street, NW, and east on U Street, NW, to Florida Avenue, NW.

The Office of Planning is publishing the draft Logan Circle Area Neighborhood Investment Fund Plan for a 30 day public comment period.  Comments must be postmarked by the close of the comment period, which is September 16, 2008.  Information on where to review a copy of the plan and how to submit comments is set forth below.

The investment fund plan is currently in draft form. Please select the link below to access the plan.

 

For more information please contact Tarek Bolden, Neighborhood Planning Coordinator-Ward 1, DC Office of Planning, by mail at 801 North Capitol Street, NE, Suite 4000, Washington, DC 20002; by telephone at (202) 442-7619; fax at (202) 442-7638; or by email tarek.bolden@dc.gov