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HOPE VI has included a variety of grant programs including: Revitalization, Demolition, Main Street, and Planning grant programs. As of June 1, 2010 there have been 254 HOPE VI Revitalization grants awarded to 132 housing authorities since 1993 – totaling more than $6.1 billion.
In 1994 the Atlanta Housing Authority, encouraged by the federal HOPE VI program, embarked on a policy created for the purpose of comprehensive revitalization of severely distressed public housing developments. These distressed public housing properties were replaced by mixed-income communities.
Those now-dilapidated projects are being rebuilt with a HOPE VI revitalization effort, and applying principles of New Urbanism into its design. The new Park DuValle neighborhood, a $200 million investment of public and private funds covering 125 acres (0.51 km 2 ), once dominated by 1100 public housing units, is being transformed into a mixed ...
Renovation to the original Jordan Park housing project developments led to the foundation of the Dr. Carter G. Woodson Museum in 2006. [5] Twenty-seven million dollars from a Hope VI grant was awarded by HUD to the St. Petersburg Housing Authority in 1997 to help revitalize Jordan Park public housing. [6]
The federal Housing and Urban Development (HUD) department's 1993 HOPE VI program addressed concerns of distressed properties and blighted superblocks with revitalization and funding projects for the renewal of public housing to decrease its density and allow for tenants with mixed income levels.
The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York governor Nelson A. Rockefeller. [3] The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of the top seven legislative priorities for the ...
As of September 1, 2005, there were 747 certified CDFIs in the U.S. The CDFI Fund offers a variety of financial programs to provide capital to CDFIs, such as the Financial Assistance Program, Technical Assistance Program, Bank Enterprise Award Program, and the New Markets Tax Credit Program. [2]
In 1994 Chicago received one of the first HOPE VI (Housing Opportunities for People Everywhere) grants to redevelop Cabrini–Green as a mixed-income neighborhood. [12] On September 27, 1995 demolition began. [13] In 1997 Chicago unveiled Near North Redevelopment Initiative, a master plan for development in the area.