Economic Development/Redevelopment

 
BUSINESS STRATEGIES AND RESOURCES TO HELP YOU
SURVIVE AND THRIVE DURING A TOUGH ECONOMY

The City of Alhambra Redevelopment Agency works in partnership with established retail, professional office, commercial and light industrial firms to expand the economic development and prosperity of our community. The City's knowledgeable staff is ready to assist in expediting or relocating your business to Alhambra. To learn more about downtown retail opportunities or available properties, call (626) 570-5030.

Facts about redevelopment:

• Uses public funds leveraged with private funds to create new projects or rehabilitate existing ones;
• Does not require the creation of additional taxes or fees;
• Helps reduce project costs, thereby enhancing net cash flow for a reasonable return on investment and adequate security to obtain necessary financing;
• Eliminates blight caused by abandoned or unsafe buildings, substandard or obsolete buildings, code violations, insufficient parking, irregular-shaped and empty parcels, incompatible adjacent uses and vandalism;
• Increases property values while enhancing city image and appearance;
• Creates a more viable economy with better job opportunities and social climate, and wider range of goods/services;
• Increases willingness of investors to participate in further community (re)development;
• For low- and moderate-income households, has given many homeowners an opportunity to rehabilitate or modernize an aging home - and enabled income-qualified renters to purchase their first home.

The Alhambra Redevelopment Agency operates under the direction of the Alhambra City Council, which serves as the Agency's Board of Directors, in accordance with the California Community Redevelopment Law and Statutes. Meetings of the Alhambra Redevelopment Agency Board are held on the second and fourth Monday of the month at 5:30 p.m. in the City's Council Chamber. The City's redevelopment staff works in conjunction with architects, engineers, developers, property owners, and other departments and businesses to develop new projects and rehabilitate and/or expand existing developments. The work of the Agency is carried out in accordance with the City of Alhambra's Plan for Housing & Community Development Programs and Consolidated Plan. Current members of the Redevelopment Agency Board (effective February 22, 2010) are Barbara Messina (Chairman), Steven T. Placido, D.D.S. (Vice Chairman), Stephen K. Sham and Gary Yamauchi (Board Members); and Julio J. Fuentes (Executive Director).