PARTNERSHIP CITY OF LA MIRADA – LOS ANGELES COUNTY COMMUNITY DEVELOPMENT COMMISSION Working closely to identify programs that will eliminate blight and.
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PARTNERSHIPPARTNERSHIPCITY OF LA MIRADA – LOS ANGELES COUNTY CITY OF LA MIRADA – LOS ANGELES COUNTY
COMMUNITY DEVELOPMENT COMMISSIONCOMMUNITY DEVELOPMENT COMMISSION
Working closely to identify programs Working closely to identify programs that will eliminate blight and address that will eliminate blight and address substandard conditions.substandard conditions.
Foster ParkFoster Park
300 Acres300 Acres Over 1,000 HomesOver 1,000 Homes Developed in the Developed in the
early 1950early 1950’’ss Annexed into the City Annexed into the City
in 1978in 1978
HOME IMPROVEMENT HOME IMPROVEMENT PROGRAMSPROGRAMS
Emergency Grant ProgramEmergency Grant Program
Grant ProgramGrant Program
Housing Rehabilitation Loan ProgramHousing Rehabilitation Loan Program
Since the implementation of the program in Since the implementation of the program in 2004, there have been 62 Emergency Grants, 2004, there have been 62 Emergency Grants, 89 Grants and 74 loans funded to assist 89 Grants and 74 loans funded to assist homeowners with rehabilitation projects. homeowners with rehabilitation projects.
A total of $3,083,396 in assistance. A total of $3,083,396 in assistance.
Foster Park Infrastructure ProjectFoster Park Infrastructure Project
Total projected budget for the project is Total projected budget for the project is $9 million for 3 phases.$9 million for 3 phases.
Exchanged a total of $2,384,390 in CDBG Exchanged a total of $2,384,390 in CDBG funds to fund phase I and II. In final funds to fund phase I and II. In final negotiations to exchange $394,725 for negotiations to exchange $394,725 for phase IIIphase III
Utilized Redevelopment Bond Proceeds to Utilized Redevelopment Bond Proceeds to fund balance of the project. fund balance of the project.
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