(a) The Deputy Mayor for Planning and Economic Development (“Deputy Mayor”) shall have grant-making authority for the purpose of providing:
(1) Funds in support of the Skyland project;
(2) Commercial revitalization services for properties adjacent to the Skyland project; and
(3) Repealed;
(4) Funds for the creation of affordable housing for District residents.
(b) The Deputy Mayor may make grants for fiscal year 2013 as follows:
(1) An amount of $100,000 for sector consultants;
(2) An amount of $350,000 for local business promotion;
(3) An amount of $75,000 for regional economic development;
(4) An amount of $50,000 for the Bank on DC program;
(5) An amount of up to $700,000 for the purpose of providing interior tenant improvement assistance to an entity that agrees to operate a table service restaurant at 3220 Pennsylvania Avenue, S.E., also commonly known as the Penn Branch Shopping Center; and
(6) An amount of $800,000 for the purpose of providing assistance to a mixed- use development located in Ward 7, including 100% affordable housing units supporting former Lincoln Heights residents.
(b-1)
(1) The Deputy Mayor may make grants for fiscal year 2014 as follows:
(A) An amount of $100,000 for sector consultants;
(B) An amount of $350,000 for local business promotion;
(C) An amount of $75,000 for regional economic development; and
(D) An amount of $50,000 for increasing access to financial services and products to unbanked and under-banked residents.
(2) Grants made pursuant to this subsection shall be administered pursuant to the requirements set forth in part B of subchapter XII-A of this chapter [§ 1-328.11 et seq.].
(c) In addition to the grant-making authority provided in subsection (a)(4) of this section, the Deputy Mayor shall have the authority to issue loans for the creation of affordable housing for District residents.