What redevelopment activities are proposed and how will they alleviate blight in the SOM Project Area?
The Agencys primary strategy for addressing blight in the Project Area is to improve and preserve affordable housing, thereby improving conditions without displacing residents. Complementing this core strategy, a variety of other programs serve to enhance both the growing residential neighborhood and the overall area. These programs include economic development, streetscape improvements and sidewalk cleaning, and assistance to community service and cultural organizations. Pursuant to this strategy, the Agencys program includes the following: Owner Participation and SRO Rehabilitation Loans: Invite owners of residential hotels to participate in rehabilitating their properties to meet basic life-safety and other building standards. Encourage participation through low or no interest loans, forgivable in exchange for extending affordability. SRO owners repeatedly in violation of applicable laws, codes and ordinances and unwilling to participate could be required to sell their properties to
