Local Initiatives Support Corporation (LISC) is currently soliciting proposals for participation in the Commercial Corridor Revitalization Program (PCCR) from community development corporations (CDCs) and other nonprofit, neighborhood-based organizations that have demonstrated the interest and capacity to take a leadership role in the redevelopment of a specific neighborhood commercial corridor.
PCCR’s strategy is to work closely with local CDCs to strengthen their neighborhood markets by providing easily accessible tools and resources that aid in the development and implementation of comprehensive revitalization plans.
LISC will provide operating support grants of between $5,000 and $50,000 to organizations chosen through the RFP process. The grant’s purpose is to provide flexible dollars to support full-time commercial corridor practitioners, support staff and associated expenses related to corridor management and activities. The staff person must work exclusively on the commercial corridor program.
The term of the grant is for one year, beginning January 2008. Upon completion of the initial grant terms, programs that demonstrate timely reporting and that have met and/or exceeded performance measures will be invited to apply for multi-year funding.
The deadline for submission is January 4, 2008 at 1:00 PM. Proposals should include the completed Application Form and relevant documentation. Final selection and notification of the participant will take place by the end of January 2008.