...Title
Neighborhood Commercial Rehabilitation Project
...Description
This report requests the Community and Cultural Investment Subcommittee recommend City Council approval to enter into a loan agreement with Ricardo Sosa for up to $150,000 in Community Development Block Grant (CDBG) program funds for facade and site improvements through the Neighborhood Commercial Rehabilitation program for the business, Salon Sosa. The CDBG program is funded by the U.S. Department of Housing and Urban Development; no General Funds are required.
THIS ITEM IS FOR CONSENT ACTION.
...Report
Summary
The Neighborhood Commercial Rehabilitation (NCR) program offers financial assistance for property owners to complete exterior improvements through a CDBG funded deferred loan, which is forgiven over a period of up to 10 years. The program was approved by the City Council through Ordinance S-46657 as part of the 2020-24 CDBG Consolidated Plan. NCR projects are selected through an open application process.
The goal of NCR is to support the revitalization or improvement of commercial buildings in targeted neighborhood business corridors to support long-term sustainability of the community, its businesses and structures. Eligible economic revitalization projects must provide a public benefit or deliver neighborhood enhancements including job creation for local residents, blight elimination, or the provision of qualified goods or services to residents of targeted, low- and moderate-income areas in Phoenix.
Salon Sosa is a full-service salon offering a wide range of personal care services, including haircuts and scalp treatments. Salon Sosa has served the South Phoenix area since 2010; and retains four full-time positions. Located along the proposed South-Central light rail corridor/line, the property owner desires to create a more appealing storefront to attract customers and enhance the neighborhood aesthetic.
Financial Impact
There is no impact to the General Fund. These programs are funded through Community Development Block Grant funds.
Location
6834 S. Central Ave. (South Phoenix Village)
Council District: 7
...Department
Responsible Department
This item is submitted by Deputy City Manager Gina Montes and the Neighborhood Services Department.