The CDBG formula allocation program provides funding for various projects throughout the county for activities such as housing rehabilitation, economic development and public works improvements that meet federal and state objectives to benefit low-and moderate-income persons and/or eliminate blighted areas. The County must justify to the State how each activity is eligible to receive Community Development Block Grant Program funds and meets a national objective. Formula Allocation Program grant recipients are required to develop a Community Assessment Strategy (CAS) to identify the type and degree of community development needs within areas of low- and moderate-income concentration or distress areas.
Seneca County was awarded the CHIP for the FY 09. This program will continue through October 31, 2011. The activities included in this round are Private Rehabilitation for low and very-low income homeowners; Home/Building Repair for very-low income homeowners; and Foreclosure Assistance for the homeowner's primary residence. Please see the brochure below for additional information.
The Revolving Loan Fund and the Economic Development Program provide funds to units of local government to provide gap financing for local business development. The goal of the programs are to create and retain permanent, private sector job opportunities, principally for low- and moderate-income persons, through the expansion and retention of business and industry in Seneca County.
Enterprise Zones are designated areas of land in which businesses can receive tax incentives in the form of tax exemptions on eligible new investments. Enterprise Zones serve as an economic development tool for Seneca County to assist in retaining and expanding the economic base.
Community Reinvestment Areas are areas of land in which property owners can receive tax incentives for investing in real property improvements. The Community Reinvestment Area (CRA) Program is a direct incentive tax exemption program benefiting property owners who renovate existing or construct new buildings. This program permits Seneca County to designate areas where investment has been discouraged as a CRA to encourage revitalization of the existing housing stock and the development of new structures.