Created in 2007, Neighborhood Investment is designed to help expedite the disposition of city-owned properties, provide capacity building opportunities in housing development for community-based, non-profit organizations, stabilize neighborhoods and facilitate resident's direct participation in the community revitalization process. This division provides direct oversight to the offices of Homeownership and Rehabilitation as well as the CDBG.
The Office of Land Resources handles the sale of Mayor and City Council owned (MCC) Real Estate. The office provides direct, on-the-ground technical assistance in housing in housing development to community based organizations, faith-based institutions, private developers, and other entities interested and/or engaged in holistic community revitalization.
The Office of Community Development Block Grant (CDBG) is responsible for the general management, oversight and monitoring of the CDBG Program. This office must ensure that activities to be completed with CDBG funds are compliant with regulatory and contractual requirements and that organizations have the continuing capacity to carry out proposed activities. This office is also responsible for preparation of the Consolidated/Annual Action Plans, HUD's year-end reports, application amendments, maintenance of IDIS, interpretation and application of CDBG regulations and participation in HUD monitoring.
Office of Homeownership administers homeownership incentive programs, such as the American Dream and Trolley Tours.
The Office of Rehabilitation provides federal, state and local funds available to assist senior homeowners in bringing their residence in compliance with local housing code and makes emergency, health and safety repairs for residential properties containing 1 to 4 units.