Friday, November 21, 2008
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Redevelopment
 
 

The Inglewood Redevelopment Agency (the “Agency”) was established by resolution of the Inglewood City Council in 1969 pursuant to the Community Redevelopment Law of the State of California (§33000 et. Seq. of the Health and Safety Code).  The Law states the basic need for, and purpose of, redevelopment:  The existence “in many communities of blighted areas which constitute physical and economic liabilities, requiring redevelopment in the interest of the health, safety and general welfare of the people of these communities and of the state[1] – and provides definitions of blight for the findings needed to establish redevelopment project areas.[2]  Redevelopment areas are established to maintain and increase the supply of housing for low- and moderate-income households, renovate or remove and replace deteriorated and dilapidated structures, foster job creation and establish a climate that will attract and sustain private investment.

Since its inception in 1969, the Inglewood Redevelopment Agency has directed its resources to the revitalization and economic growth of physically and economically depressed sections of approximately 1,275 acres designated as “Redevelopment Project Areas.” The Agency has been instrumental in developing a significant number of housing, office, industrial, retail, and urban infrastructure projects since its formation.

The City Council of the City of Inglewood serves as the Board of Directors of the Agency, and continues its dedication to improving the quality of life for Inglewood residents. The Agency seeks to fulfill this purpose through designated programs and by working in partnership with local, regional, and national entities dedicated to developing and redeveloping residential, industrial, and commercial-retail projects.

The Agency is able to provide assistance to residential, industrial, and commercial-retail development entities in three primary areas: Land Assembly, Financial Assistance (land write-downs, land leases, below market financing, assistance with off-site improvements), and Technical Assistance (Project review, interdepartmental liaison, other problem-solving).


[1] Health and Safety Code §33030(a).

[2] Health and Safety Code §33031 enumerates a series of physical and economic conditions that document blight.  Physical conditions include dilapidation and deterioration, incompatible adjacent uses that impede economic development, depreciated or stagnant property values, high vacancies, low lease rates, a lack of consumer services normally found in neighborhoods, residential overcrowding, and/or an excess of undesirable businesses such as bars and liquor stores.

 

 




 

 
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