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<br /> <br />HOW <br />A matching grants program would be created for property owners or tenants to assist with building <br />improvements. The City could partner in a private housing development or non-profit affordable <br />housing development and contribute the credit pool and site preparation/improvement funds as a grant. <br /> <br />WHEN <br />The matching grants program for building improvements could begin immediately and be available <br />until funds are depleted. With adequate resources and improved market conditions, it is reasonable to <br />target two new mid-rise housing developments within the next 5-7 years. <br /> <br />RELATED POLICIES/GOALS <br />Business assistance and improvements to the building stock downtown and the addition of new <br />housing units in the downtown core is supported by City Council’s Downtown Collective Statements <br />August 2009; Downtown Plan; West Broadway Advisory Committee Recommendations; Park Blocks <br />Master Plan; Central Area Transportation Study; Downtown Vision; Cultural Policy Review; and <br />Growth Management Policies. <br /> <br /> <br /> <br />