On June 13, 2006 the Stockton City Council took a monumental step to rebuilding
Stockton's neighborhoods by approving the Strong Neighborhood Initiative. This initiative included the sale of $114 million in revenue bonds which will be used strictly within designated Redevelopment Project Areas (Midtown, North Stockton, and South Stockton) to improve neighborhood conditions, enhance community safety, expand community services, and strengthen community partnerships. Approximately $24.5 million was used for low-income housing projects city-wide.
A major component of the Strong Neighborhoods Initiative is the issuance of Revenue Bonds against Redevelopment tax increment. The Questions and Answers (Q&A) web page explains Redevelopment and how projects are funded.
Below is a list of projects funded with Strong Neighborhood Initiative Redevelopment Bond proceeds*:
North Stockton Projects
Affordable Housing
Midtown Stockton Projects
South Stockton Projects
Affordable Housing
Some SNI Highlights!