HomeMy WebLinkAboutItem #11 - ReportTO. Joseph R. Grassie
City Manager
.-te 11.6 e u. �.
FROM Julio A. Castano
Director, Department o
Trade & Commerce Development
July 3, 1980
Recommendations on Funding
for New Washington Heights
Community Development Conference,
Inc.
At the request of the City Commission at its meeting on June 26, 1980,
City staff met with representatives of the New Washington Heights Com-
munity Development Conference, Inc. (NWHCDC) on June 27, 1980 and July
2, 1980, for the purpose of discussing the following issues: (1) the
advisability of City Commission approval of a carry-over of funds for
NWHCDC to facilitate a transition to an alternative source of funding
in view the Commission's decision on 6/26/80 not to renew the agency's
contract, and (2) the advisability of providing City funds to capitalize
the Washington Heights local Development Corporation.
At the present time, staff analysis indicates that applicants for State
loan funds through the Department of Community Affairs for Community
Development Corporations are not required to be local development cor-
porations certified by the U.S. Small Business Administration. The
State legislation creating the above referenced program indicates that
either private, non-profit corporations or local development corporations
certified by the Small Business Administration (Spn) are eligible ap-
plicants for funding. Staff is currently working with the local SBA office
to compile a list of all local development corporations in the Miami
area.
A full report with recommendations is being developed by staff for
presentation to the City Commission at the meeting on July 24, 1980.
JAC:dm