2009 Information
under construction
Northeast Community Development Corporation
Please Read This Before Viewing the Northeast Neighborhoods NRP Financial Data!
NE CDC became interested in getting accurate numbers on what NRP funds are available to Northeast neighborhoods as part of doing the research for the Northeast Futures Project.
A description of the Northeast Futures Project can be found on this web site, but the short course is that it is an effort to get the Northeast community on as much of the same page as possible in regards to future land use and development in Northeast.
Knowing what funding tools are in place within the community, which cuts to the community’s ability to achieve its own goals, is important information and should be common knowledge.
NRP funding is complicated and there is no one single entity that tracks it. Therefore, our initial question of, “How much NRP money do the neighborhood groups have?” became a research project!
We think our numbers are good. The raw numbers came from the NRP. After we analyzed the data and figured out how we wanted to organize it, we checked our results with NRP and even discussed our results with the NRP Director. The NRP has signed off on our work (This is a figurative signing off for those of you out there who are super-defensive about the NRP and might be tempted to demand seeing the actual signature!). We then ran our numbers past a couple of neighborhoods. They thought what we had for them made sense. So, we decided to publish our results.
We offer this information without editorial comment. Each neighborhood has a lot of discretion within the basic framework of NRP funding and the permitted uses. There is also the statutory target/requirement that 52.5% of NRP Phase One funds must be used for housing (70% for Phase Two).
The basic numbers you will see are totals and do not provide insight into the specific past or future uses. We encourage you to contact your local neighborhood association directly with any questions or comments. The following link www.nrp.org will assist you in doing so.
Each neighborhood had to make decisions about generating income from NRP dollars. Loans and fees generate income that has few restrictions. When grants go they are gone for good. This was as much a philosophical decision as a financial one. Northeast neighborhoods run the gamut for how they decided to proceed. We have added information detailing the amount of income that has been generated by NRP funds for each neighborhood and run that amount forward as part of what each neighborhood has available for improving their community.
Each neighborhood can modify the uses of NRP funds as circumstances evolve. Again, we suggest you contact your local neighborhood organization, because the use of these funds changes constantly.
The NRP statutorily ceases to exist at the end of 2008. At this time, all Northeast neighborhoods will likely have some Phase One Money remaining and most will either have their Phase Two plan done or will have been approved for Phase Two. Currently, the City is thinking through future “community engagement.” There is much uncertainty as to how this future will look. Knowing where Northeast neighborhoods are at in terms of their NRP funds is important, because these funds are an important part of the community’s capacity to improve itself.
If you want to inquire further into this particular research project, or any aspect of the Northeast Community Development Corporation, please call me, John Vaughn, at 612-627-9366. Thank you.