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HUD 108/BEDI <br />Federal loan from the department of Housing and Urban Development and federal grant from the <br />Brownfield Economic Development Initiative (collectively the “HUD 108/BEDI funds”) – <br />currently slated for the Beam project on Willamette and Broadway (access to funds requires an <br />application process: public comment period, public hearing at council, council resolution, HUD <br />review and approval by end of January, HUD funding by end of February). <br /> <br />Human Services Commission Funds <br />Work with HSC to re-prioritize existing resources to contribute to downtown safety. <br /> <br />Local Option Tax Levy <br />Local option tax levy could be used for capital items or programming. <br /> <br />Sale of Assets for One-Time Funding <br />Sale of City owned assets could generate one-time funding. An example is the sale of parking <br />assets. <br /> <br />Transportation or Public Works Funds <br />Limited transportation or Public Works funds may be available to supplement improvements for <br />sidewalks and plazas. <br /> <br /> <br /> <br /> <br />A note about tax exemptions: Tax exemptions support desired outcomes like job creation and <br />housing development. However, tax exemptions do not provide a source of funds for desired <br />projects. For example, the Multiple-Unit Property Tax Exemption (MUPTE) or the Vertical <br />Housing Tax Exemption both support housing downtown, although neither provides a source for <br />paying expenses like SDCs/permits or site preparation. <br /> <br />