(a)The Division of Neighborhood Revitalization shall administer commercial and mixed–use revitalization programs to encourage physical and organizational improvements to business areas.
(b)To carry out commercial and mixed–use revitalization programs, the Division of Neighborhood Revitalization shall administer State and federal grants and loans and other financial assistance to:
(1)political subdivisions, local public agencies, nonprofit organizations, neighborhood or community organizations, or private parties; or
(2)corporations or foundations whose net earnings are invested to foster, encourage, help, or carry out community assistance activities, projects, or programs.
(c)The Department may:
(1)charge and collect from a proje
Free access — add to your briefcase to read the full text and ask questions with AI
(a) The Division of Neighborhood Revitalization shall administer commercial and mixed–use revitalization programs to encourage physical and organizational improvements to business areas.
(b) To carry out commercial and mixed–use revitalization programs, the Division of Neighborhood Revitalization shall administer State and federal grants and loans and other financial assistance to:
(1) political subdivisions, local public agencies, nonprofit organizations, neighborhood or community organizations, or private parties; or
(2) corporations or foundations whose net earnings are invested to foster, encourage, help, or carry out community assistance activities, projects, or programs.
(c) The Department may:
(1) charge and collect from a project applicant or recipient of financial assistance under this title:
(i) origination, application, and processing fees; and
(ii) any other charges, fees, or reimbursements incidental to a project application or providing financial assistance; and
(2) include the fees and charges listed in this section in the amount of financial assistance.