163.457 Eligibility for assistance. - Florida Statutes

163.457 Eligibility for assistance.

Community-based development organizations that meet the following requirements shall be eligible for assistance.

   (1) The community-based development organization must be a nonprofit corporation under state law and s. 501(c)(3) of the United States Internal Revenue Code.

   (2) A majority of the board members of the community-based development organization must be elected by those members of the corporation who are stakeholders, comprising a mix of service area residents, area business property owners, area employees, and low-income residents. The board of a community-based development organization shall include low-income residents.

   (3) The community-based development organization must maintain a service area in which economic and housing development projects are located and must further meet one or more of the following criteria:

   (a) The area has been designated pursuant to s. 163.355 as a slum area or a blighted area, as defined in s. 163.340, or is located completely within the boundaries of a slum area or a blighted area.

   (b) The area is a community development block grant program area in which community development block grant funds are currently being spent or have been spent during the last 3 years as certified by the local government in which the service area is located.

   (c) The area is a neighborhood housing service district.

   (d) The area is contained within a state enterprise zone designated on or after July 1, 1995, in accordance with s. 290.0065.

   (e) The area is contained in federal empowerment zones and enterprise communities.

History. s. 3, ch. 2000-351.