Deputy Mayor for Planning and Economic Development grant-making authority

(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of the Skyland project; (2) Commercial revitalization services for properties adjacent to the Skyland project; and (3) Repealed; (4) Funds for the creation of affordable housing for District residents.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.