The Moreno Valley Redevelopment Agency provides assistance to projects and activities within the 4,676-acre project area. The Agency also funds installation of general infrastructure to improve the project area, and assists in the preservation and expansion of affordable housing in the community. The City's BDL program offers below-market interest rate loans for business expansion needs and job creation.
Interest rates are two to three points below the prime rate.
The City's Redevelopment Agency provides financial rebates to owners of commercial property located in the Redevelopment Project Area. The 504 loan is a fixed-rate loan providing 1.5 to 2 points over the prime rate. The EDA provides employers with a trained workforce of pre-screened employees. Copyright 1997-2001 City of Moreno Valley. All rights reserved.