Deputy Mayor for Planning and Economic Development grant-making authority.

The Deputy Mayor for Planning and Economic Development (“Deputy Mayor”) shall have grant-making authority for the purpose of providing: Funds in support of the Skyland project; Commercial revitalization services for properties adjacent to the Skyland project; and Repealed; Funds for the creation of affordable housing for District residents. The Deputy Mayor may make grants for fiscal year 2013 as follows: An amount of $100,000 for sector consultants; An amount of $350,000 for local business promotion; An amount of $75,000 for regional economic development; An amount of $50,000 for the Bank on DC program; An amount of up to $700,000 for the purpose of providing interior tenant improvement assistance to an entity that agrees to operate a table service restaurant at 3220 Pennsylvania Avenue, S.E., also commonly known as the Penn Branch Shopping Center; and An amount of $800,000 for the purpose of providing assistance to a mixed- use development located in Ward 7, including 100% affordable housing units supporting former Lincoln Heights residents. The Deputy Mayor may make grants for fiscal year 2014 as follows: An amount of $100,000 for sector consultants; An amount of $350,000 for local business promotion; An amount of $75,000 for regional economic development; and An amount of $50,000 for increasing access to financial services and products to unbanked and under-banked residents. Grants made pursuant to this subsection shall be administered pursuant to the requirements set forth in part B of subchapter XII-A of this chapter [§ 1-328.11 et seq.]. In addition to the grant-making authority provided in subsection (a)(4) of this section, the Deputy Mayor shall have the authority to issue loans for the creation of affordable housing for District residents.