Address:
Eligible Projects in designated commercial areas within CD9, Chinatown and Little Tokyo project areas.
Description:
These programs are designed to attract, retain and expand the commercial businesses within project areas by providing grants and matching conditional loans on a dollar-for-dollar basis. The Commercial Improvement Program helps improve the physical appearance of individual businesses and commercial buildings to attract targeted retail, cultural and entertainment uses to the project areas. The Facade Improvement Program offers loans of from $25,000 to $125,000 and additional grants for architectural assistance in certain project areas. Building rehabilitation, including expansion of existing structures or new construction, is another offering.
Redevelopment Purpose:
Address blighted physical conditions and increase private sector investment by providing funds to owners and tenants of occupied and unoccupied commercial space to rehabilitate existing buildings. Facilitate business expansion and attract new businesses. Increase economic development for the targeted areas through these funds.
Contact:
For more information about this program, please contact:
Patricia Diaz
pdiaz@cra.lacity.org
(213) 977-2694