What does BDFB mean in FUNDS
BDFB stands for Boulder Development Fund Board, an organization dedicated to providing financial assistance and support for a variety of real estate development projects within the City of Boulder, Colorado. The board was established in 1984 and is comprised of 7 members appointed by the City Council.
BDFB meaning in Funds in Business
BDFB mostly used in an acronym Funds in Category Business that means Boulder Development Fund Board
Shorthand: BDFB,
Full Form: Boulder Development Fund Board
For more information of "Boulder Development Fund Board", see the section below.
Function and Responsibilities
- Funding: BDFB provides financial assistance to developers through low-interest loans, grants, and tax-increment financing (TIF).
- Economic Development: The board's mission is to promote economic development and revitalization within the city by supporting projects that create jobs and stimulate new business growth.
- Community Engagement: BDFB actively engages with residents, businesses, and stakeholders to identify and prioritize community needs and priorities.
Notable Projects
- Broadway Boulder Shops: A mixed-use development that includes retail, dining, and residential units in downtown Boulder.
- Boulder Junction: A redevelopment project that transformed a former industrial site into a vibrant mixed-use neighborhood with housing, offices, and retail.
- 29th Street Mall: A pedestrian-friendly retail and entertainment district that has become a popular destination for locals and tourists alike.
Conclusion
The Boulder Development Fund Board plays a crucial role in shaping the economic landscape of Boulder. Through its strategic partnerships with developers and its commitment to community engagement, BDFB has supported numerous successful projects that have revitalized neighborhoods, created job opportunities, and enhanced the overall vitality of the city.
Essential Questions and Answers on Boulder Development Fund Board in "BUSINESS»FUNDS"
What is the Boulder Development Fund Board (BDFB)?
The BDFB is a non-profit organization that provides financial assistance to affordable housing projects in Boulder, Colorado.
What are the BDFB's goals?
The BDFB's goals include increasing the supply of affordable housing, preserving existing affordable housing, and promoting homeownership opportunities for low- and moderate-income residents.
How does the BDFB provide financial assistance?
The BDFB provides financial assistance to affordable housing projects in various ways, including loans, grants, and technical assistance.
What types of projects are eligible for financial assistance from the BDFB?
The BDFB provides financial assistance to a wide range of affordable housing projects, including new construction, rehabilitation, preservation, and homeownership assistance.
How do I apply for financial assistance from the BDFB?
To apply for financial assistance from the BDFB, developers must submit an application that includes detailed information about the proposed project, its financial plan, and its impact on the community.
What are the eligibility requirements for receiving financial assistance from the BDFB?
To be eligible for financial assistance from the BDFB, projects must meet certain requirements, including affordability restrictions, income limits for tenants, and project design standards.