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b) Modernize the Marshall Courts public housing community (353 units)
through the upgrading of aging on-site infrastructure and ultimately a
phased reconfiguration of the community with an emphasis on useable front
porches and defensible yard areas. The Capital Funds Program (CFP)
represents the principal funding source for this initiative.
3) Goal: Improve the appearance and appeal of the neighborhood and community
retail/commercial corridors while facilitating entrepreneurial opportunities
Benchmarks
a) Revitalize the retail/commercial corridors through the utilization of a
Virginia MainStreet approach to include:
♦ Application to the Virginia Department of Housing and Community
Development for affiliate designation under the Virginia MainStreet
Program (completed for Chestnut Avenue under the initial NRSA).
♦ Continue the low-interest rate façade improvement loan program to
serve at least one business annually over the five year period.
Financed renovations to include exterior painting, new signs,
lighting and window canopies or shutters as appropriate.
♦ Provision of a reduced interest rate Newport News Micro-Loan
Program (NNML) with additional flexible elements to assist at least
one business annually that is established, expanded, or stabilized
during the five year period.
♦ Provision of reduced interest rate NNUDAG commercial loans to
assist new and expanding businesses in the NRSA to generate
approximately 2 new jobs annually over the five year period.
b) Promote revitalization of the retail/commercial corridors through the
upgrading or redevelopment of the following buildings:
♦ 2713 Jefferson Avenue to serve as Jefferson Landing I which will
involve the renovation of the existing three story building to contain
retail space on the first floor and up to seven affordable apartment
units located on the second and third floors.
♦ 2701 Jefferson Avenue to serve as Jefferson Landing II which will
involve the development of a new three story building on the cleared
site comparable to 2713 Jefferson Avenue.Jump to an indexed page (228 of 228)