The City has more distressed properties than ever before. This one has been condemned and unless a private developer is willing and able to step in and renovate or redevelop, it will sit vacant and then eventually be razed - meaning another expense for taxpayers as well as a loss of tax base.
You’re Invited to Join the Discussion!
Community Development Corporation
Friday, July 13th @ Noon
Southside Community Center
1300 6th St S
Sandwiches and Beverages Provided
The Joint City-County of La Crosse Housing Task Force made a number of recommendations in their January 2012 report, including formation of a “Private Equity Group” to partner with private sources of capital to help improve our communities.
Brian Fukuda, La Crosse County Economic Development Specialist will give a brief overview on CDCs and the options in Wisconsin.
This is the second organizational meeting hosted by Livable Neighborhoods. The first, held on June 3rd, the discussion focused on this presentation. The purpose is to discuss how best to make this recommendation a reality in 2012.
Many communities have a Community Development Corporation (CDC) to advocate for and invest in improvements in housing and neighborhood businesses. This CDC(s) is in addition to Business Development Corporations (BDCs) such as LADCO in La Crosse that advocate for and invest in improvements in commercial and/or industrial properties.
A CDC is typically a non-profit 501(c)3 tax exempt organization that educates the people on the importance of investing in our neighborhoods. A CDC can be as general or as specific in focus as the organizers determine is best for their community and is really only limited by the available resources to educate and invest.
Our recommendations for a CDC as a starting point for the discussion are:
- Form a new CDC rather than add another purpose to an existing organization to avoid any dilution of focus
- The new CDC should focus on those areas that are the most stressed, which would be the three neighborhoods identified by the Task Force, but should not be limited to just these neighborhoods or just the City of La Crosse
- The new CDC should focus on developing new housing as well as renovating existing housing, including both owner occupied and rental housing
- The new CDC should include developing and renovating neighborhood businesses and institutions, especially those that may enhance the livability of a neighborhood as well as the entire community
- The CDC should also support historical, cultural and natural preservation as well as environmental sustainability
- The new CDC should work with existing government and non-government organizations (NGOs) and avoid duplication of efforts
Please join us and share your visions and ideas on how best to fulfill this need in our community. If you know of someone that would be interested or have something to offer to this discussion, please share.
For more information contact Charley Weeth 608-784-3212
Please reply by Wednesday, July 12th