News...
On June 13, 2006 the Stockton City Council took a monumental step to rebuilding Stockton's neighbhorhoods by approving the Strong Neighborhoods Initiative. This initiative includes 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 will be used for low-income housing projects city-wide.
Although potential projects to be funded by the Strong Neighborhoods Initiative were discussed, specific projects were not approved and will go before the City Council individually for approval as projects come forward.
A major component of the Strong Neighborhoods Initiative is the issuance of Revenue Bonds against Redevelopment tax increment. The Questions and Answers (Q&A) below explain Redevelopment and how projects are funded. If you have projects you would like to propose in the Midtown, North Stockton and/or South Stockton Redevelopment Project Areas redevelopment areas please call (209) 937-8538.