Hood Council Note: Financial Director Update

Update on Plans-need to start thinking about new set of plans now that the new deal is signed.

Local businesses and associated laws

• Establish a program for New Small Business Owners:
  Give new business owners $1000-$3000 credit towards purchase of a community lot.
  Help business owners network with other small business owners in other hoods, perhaps the resurgance of the Small Business Conference.

Implement taxes and welfare support

• Establish a program for Mortgage Loans:
  Borrower must provide at least 10% down paymentLoans must be paid off within 42 simdays (six simweeks) Payments will be daily.


• Increase rental fees:
  Increase rental fees on the Starr Grey Townhomes (two-2 unit townhomes on McIntosh) due to promixity to main strip.


• Change tax structure:
  Instead of $750/simweek per residental lot, increase it to $750/simweek per family. Removes loophole where families in multi-family housing paid less in taxes than other residents.

Manage the local real estates and architectural planning of the hood

• Decrease number of multi-family units from 10 to 4


• Build mixed income housing area:


• Renovate Pavilion


• Build Celebration Park II


• Revamp Celebration Park I


• Combine Celebration Park I and II


• Expand Modern Sculpture Park


• Renovate The Core