Programs

  • Program 1 [2018]

    Commercial revitalization - The Corporation engaged in activities to help promote the restoration and revitalization of the Town's commercial district. The Corporation has acquired and will develop commercial properties for rental on affordable terms to businesses that will operate year-round and provide products and services that will serve the year round residential community. Other options for revitalizing the Town's commercial district include the provision of loans to small businesses interested in occupying the commercial district, or implementing options similar to those discussed in Part III 4b for providing and preserving affordable workforce housing in order to preserve affordable commercial district space. DURING 2018, PLANS FOR PROPERTIES TO BE RECONDITIONED FOR THE PURPOSES DESCRIBED WERE DEVELOPED. Business skills workshops were offered at various times, including a Business Boot Camp, produced in collaboration with other nonprofits and with support from the local business community.
    Geographies
    Not indicated
    Dates
    Jan 1, 2018 – Dec 31, 2018
    Source
    990
    No causes provided
    No populations provided
    –
    $344.5K

  • Program 2 [2018]

    Residential revitalization - The Corporation aims to increase the supply of affordable workforce housing to year-round residents while ensuring that such housing will stay affordable in the future and therefore remain workforce housing perpetually. The Corporation will conduct the program in such a way that the supply of workforce housing remains available to the workforce and cannot be acquired by summer residents for use as seasonal homes. DURING 2018, PLANS FOR PROPERTIES TO BE RECONDITIONED FOR THE PURPOSES DESCRIBED WERE DEVELOPED.
    Geographies
    Not indicated
    Dates
    Jan 1, 2018 – Dec 31, 2018
    Source
    990
    No causes provided
    No populations provided
    –
    $38.3K

  • Commercial District Revitalization

    Commercial revitalization - the Corporation engaged in activities to help promote the restoration and revitalization of the town's commercial district. The Corporation has acquired and developed commercial properties for rental on affordable terms to businesses that will operate year-round and provide products and services to serve the year-round residential community, and will continue to do so. Other options for revitalizing the town's commercial district include implementing options similar to those discussed in Part III, 4b for providing and preserving affordable workforce housing in order to preserve affordable commercial district space. The anchor tenant of our initial building is a not-for-profit entity bringing personnel and commerce to the town consistent with our mission. We leased land to College of the Atlantic upon which they constructed a building which includes commercial operations and student housing on a year-round basis.
    Geographies
    Not indicated
    Dates
    Jan 1, 2022 – Dec 31, 2022
    Source
    990
    No causes provided
    No populations provided
    –
    $299.1K