If you want to live or work in Detroit, there are opportunities for you!!
The City of Detroit is designating several areas of the city as Neighborhood Revitalization Strategic Areas (NRSAs). This will allow the City to better leverage private investment with Community Development Block Grant (CDBG) funding in defined areas and increase the impact of these investments. Specific benefits of the Neighborhood Revitalization Strategy Areas (NRSAs) include the following:
The City of Detroit requests approval of a Neighborhood Revitalization Strategy (NRS) and the designation of five related Neighborhood Revitalization Strategy Areas (NRSAs), as defined by the Department of Housing and Urban Development (HUD) Notice CPD-96-01. These NRSAs comprise some of the most distressed residential neighborhoods in the City. All qualify for NRSA designation based on the high percentage of low- and moderate-income (LMI) residents and other factors.
The beginning of 2015 marks a new era for Detroit and a fresh opportunity to rebuild neighborhoods. Using all of the tools at its disposal, the Duggan administration will generate enthusiasm for the public and private sector to work in unprecedented ways to restore neighborhood stability and create jobs for Detroit residents. By investing our limited resources more wisely and strategically targeting our federal funds within the framework of an NRS, our community revitalization plan provides an opportunity to increase the numbers of residents and business owners we serve and achieve higher leverage of private capital.
The NRS plan is designed to use Community Development Block Grant funds in new ways. The plan includes strategies that are intended to build market confidence in Detroit neighborhoods by stabilizing housing stock, increasing home values, growing small businesses, preparing our youth for future employment and building wealth for Detroit families. The NRS tool provides greater flexibility and ease of use of CDBG funds and allows the City to serve a broader base of residents and business owners than would otherwise be eligible. The strategy comprises several interrelated initiatives.