Welcome to the Submittable page for City of Akron, Office of Integrated Development (OID). OID uses this page to collect applications for various programs. Only active applications will appear for submission. See below a comprehensive list of applications and their status:
Great Streets: Matching Facade Grant (2019 Opens 4/11/19 @ 2PM - Closes 6/3/19 @ 11:59PM)
Great Streets: Microloan Program (Rolling Application)
CDC Support Program: 2019
1. Answer the questions in the space provided for each question; keep your answers brief and to the point. If necessary, you may include additional information in the Attachments section.
2. To provide the reviewers of your application with a better understanding of the target area of the project, you may attach photographs, maps or other visual aids. These may be included with the application.
3. If a question does not appear to apply to your proposal, “Not Applicable” or “N/A” is a legitimate answer.
4. If you have questions about completing the application, please contact Dylan Garritano in the Planning Department office at (330) 375-2090.
FOR CONSTRUCTION PROJECTS: For housing projects (8 units or more) OR retail/commercial projects. Please include:
1) Detailed construction estimate(s) for the proposed work (including permitting fees).
2) Detailed project budget
3) Drawings of the improvements to be completed (if available)
4) Proof of financial ability, and
5) Photos of the building in jpeg format (please, no PDFs)
Federal Regulations and Compliance: All projects whose total costs are in excess of $2,000 must be prepared to comply with the Federal Davis Bacon rules, including prevailing wage requirements. Guidance will be provided to awardees to assist with this process.
Request for Bids FOR CONSTRUCTION WORK (non housing projects): - Following final approval by the City Of Akron, the applicant will be responsible for securing bids for all work to be completed under the CDC support project. Prospective bidders should be provided a copy of the approved design details/construction drawings, detailed construction specifications, and contract conditions (ie. current prevailing wage rate determination, insurance coverage requirements, licensing requirements, etc.). A minimum of two bids is advised for all work to be completed as part of the proposed CDC project. Bids should be broken down in line item detail in accordance with the approved construction specifications.
Note: The selected contractor(s) are required to maintain a business license with the City of Akron or Summit County, as well as, insurance coverage in the type and amounts deemed necessary by the City. Additionally, selected contractors must comply with Federal requirements and restrictions related to fair labor standards, equal opportunity employment, conflict of interest and certain environmental protection issues.
The following is a general summary of the information contained in the body of the application.
Community Development Corporations (CDCs) are nonprofit, community-based organizations focused on revitalizing the areas in which they are located, typically low-income, under-served neighborhoods that have experienced significant disinvestment. While they are most commonly celebrated for developing affordable housing, they are usually involved in a range of initiatives critical to community health such as economic development, sanitation, streetscaping, and neighborhood planning projects, and oftentimes even provide education and social services to neighborhood residents.
CDCs play a critical role in building community wealth for several key reasons:
- They anchor capital in communities by developing residential and commercial property, ranging from affordable housing to shopping centers and even businesses.
- At least one-third of a CDC’s board is typically composed of community residents, allowing for the possibility of direct, grass-roots participation in decision-making.
- CDCs work to enhance community conditions oftentimes involves neighborhood organizing, a process critical for empowering residents and gaining political power.
ADDITIONAL APPLICATION INSTRUCTIONS
E: PROJECT BUDGET
The Project Budget allows you to itemize the expenses related to your project(s). This section allows the reviewers to determine the key areas that will be targeted by the funding.
Fill in Project Title.
This table should be filled in completely and reflect all costs related to the project. The first column should detail the items that would be paid for with CDC funding. The second column should reflect funding that is anticipated from other sources. The third column should list the entire budget for the project. Keep in mind that a dollar for dollar match is required.
Billing Procedures: Funds will be distributed on a reimbursement basis for expenses incurred in accordance with the contract's goals and objectives. Billings for anticipated expenses may be included by special arrangement. Billing schedules may vary for projects, but will generally be either monthly or quarterly. No advances will be given.
Eligible reimbursements are based on items in your approved project budget.
Any costs incurred before the effective date of the contract or after the termination date of the contract will not be covered by the grant. Matching funds must be expended within the period of the grant agreement.
Monitoring and Reporting: Monthly progress reports and a short final report evaluating the success of the project are required as a condition of receiving reimbursement under the contract. Monthly reports must be submitted in order to be reimbursed project expenses.
City staff will periodically conduct on-site monitoring of each project. This will include observing project activities and a review of files and financial records. Any deficiencies or required corrective actions will be noted in a formal letter to the grant recipient.
Program Eligibility and Application
- Owners of business property in specified Great Streets areas are eligible to apply for financial assistance under this program. All applicants will be verified by the City that they meet the qualifications to receive assistance according to guidelines and are current on all taxes.
- Application forms may be obtained from the Office of Economic Development Staff at (330)375-2133.
- After a receipt of an application and confirmation of a possible loan, a representative will contact the applicant. The representative will meet with eligible applicants to review their property, offer recommendations for building and site improvements, and assist the applicant through the review process.
Microloans for Capital Improvements
- Microloans CANNOT be used to fund Working Capital.
- Microloans from the City are available for Capital Improvements. Examples of Capital Improvements may include Range Hoods, POS terminals, Quick Books, and other items that contribute to the daily operations of the business.
- Loans available between $1,000 - $10,000, based on credit score.
- Term: 12-36 months
- Interest Rate: 75% of Prime Rate
- No Equity Requirement; HOWEVER, the loan must be backed with a personal guarantee.
- Project must begin within 30 days of disbursement and be completed within 6 months.
Click below to see the full Program Overview and Checklist. This provides an explanation of the documents you will be required to provide and a checklist for print out.