§ 16-d. Urban and community development program. (1) Definitions. For\nthe purposes of this section:\n (a) "Business improvement district" shall mean a special assessment\ndistrict established pursuant to article nineteen-A of the general\nmunicipal law.\n (b) "Business district" or "central business district" shall mean the\ncentral district of a municipality or neighborhood area traditionally\nused for commercial purposes.\n (c) "Commercial strip" shall mean a predominantly commercial area\ntraditionally used for commercial purposes which may not be the primary\nbusiness district and which is one of several commercial districts in\nthe municipality in which it is located.\n (d) "Economically distressed areas" shall mean areas as determined by\nthe corporation meeting criteria indicative of economic distress,\nincluding unemployment rate; rate of employment change; percentages and\nnumbers of low-income persons; per capita income and per capita real\nproperty wealth; such other indicators of distress as the corporation\nshall determine. Economically distressed areas may include cities,\nmunicipalities, block numbering areas, and census tracts.\n (e) "Highly distressed" shall mean suffering from severe economic\ndistress as determined by the corporation using criteria similar to\nthose set forth in subdivision (a) of section nine hundred fifty-eight\nof article eighteen-B of the general municipal law for determining\neligibility for empire zone status.\n (f) "Not-for-profit corporation" shall mean a corporation organized\nunder the provisions of the not-for-profit corporation law.\n (2) Urban and community development program. The corporation shall\nestablish an urban and community development program which shall offer\nthe following assistance:\n (a) Urban and community development assistance grants pursuant to\nsubdivision five of this section.\n (b) Urban and community project development assistance pursuant to\nsubdivision six of this section.\n (c) Neighborhood and community partnership assistance pursuant to\nsubdivision seven of this section.\n (d) Urban and community commercial revitalization revolving loan fund\nassistance pursuant to subdivision eight of this section.\n (e) Urban and community technical assistance pursuant to subdivision\nnine of this section.\n (3) Applications. Applications for support under this program shall be\nmade in a form and manner as determined by the corporation and\napplicants shall be required to meet the criteria and requirements\nestablished by the corporation, which shall include but not be limited\nto:\n (a) Factors of economic distress;\n (b) The extent of support for, and involvement in, the program or\nproject of units of local government, the local business community and\nlocal economic development professionals; and\n (c) Such other requirements as are necessary to implement the\nprovisions of this section.\n (4) Preference. Preference will be given to projects which are located\nin highly distressed communities, and for which other public or private\nfunding sources are not available.\n (5) Urban and community development assistance grants. (a) Grants\nawarded under this subdivision shall be awarded on a competitive basis,\nin response to requests for proposals, and through direct applications\naccepted at other times at the discretion of the corporation,\ndistributed to business improvement districts, local development\ncorporations, municipalities and other not-for-profit economic\ndevelopment organizations by the corporation for the purpose of\nsoliciting applications. Requests for proposals under this subdivision\nshall set forth such criteria as the corporation deems necessary,\nincluding those set forth in subdivision three of this section and\nincluding, but not limited to the following:\n (i) the potential impact the proposed project would have on economic\ndevelopment and employment opportunities in the community and the\nregion; and\n (ii) the exi
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