Phase II Planning Process
Background:
Fulton Neighborhood entered into a planning
process to determine spending priorities and projects for
the second round of NRP funding through the City of Minneapolis. On April 14, 2004, the neighborhood approved the Fulton Neighborhood Action Plan. On April 19, 2004, the Minneapolis NRP Policy Board approved a policy that affected the allocations within the Fulton Neighborhood Action Plan.
The new policy established the funding formula that determines how much money each neighborhood will receive. The policy also requires that 70% of the amount allocated to neighborhoods will need to be expended on housing or housing related programs, projects, activities or services in Phase II to ensure that the program meets its housing obligation. As a result of this policy, there is an additional $83,189 available for the Fulton Phase II Action Plan, making the Phase II allocation $387,2999. However, a greater percentage of Phase II funds must be allocated for housing purposes.
The neighborhood approved the revised Phase II Plan on February 9, 2005 at a community meeting held at Pershing Park. The plan should receive final approval from the Minneapolis City Council in early April.
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here to view the full Action Plan.