(a) Administration of revitalization programs.- The Division of Neighborhood Revitalization shall administer commercial and mixed-use revitalization programs to encourage physical and organizational improvements to business areas.
(b) Administration of financial assistance.- To carry out commercial and mixed-use revitalization programs, the Division of Neighborhood Revitalization shall administer State and federal grants and loans and other financial assistance to:
(1) political subdivisions, local public agencies, nonprofit organizations, neighborhood or community organizations, or private parties; or
(2) corporations or foundations whose net earnings are invested to foster, encourage, help, or carry out community assistance activities, projects, or programs.
(a) Administration of revitalization programs.- The Division of Neighborhood Revitalization shall administer commercial and mixed-use revitalization programs to encourage physical and organizational improvements to business areas.
(b) Administration of financial assistance.- To carry out commercial and mixed-use revitalization programs, the Division of Neighborhood Revitalization shall administer State and federal grants and loans and other financial assistance to:
(1) political subdivisions, local public agencies, nonprofit organizations, neighborhood or community organizations, or private parties; or
(2) corporations or foundations whose net earnings are invested to foster, encourage, help, or carry out community assistance activities, projects, or programs.
(a) Administration of revitalization programs.- The Division of Neighborhood Revitalization shall administer commercial and mixed-use revitalization programs to encourage physical and organizational improvements to business areas.
(b) Administration of financial assistance.- To carry out commercial and mixed-use revitalization programs, the Division of Neighborhood Revitalization shall administer State and federal grants and loans and other financial assistance to:
(1) political subdivisions, local public agencies, nonprofit organizations, neighborhood or community organizations, or private parties; or
(2) corporations or foundations whose net earnings are invested to foster, encourage, help, or carry out community assistance activities, projects, or programs.
