066530411B-09-MY-27-0003 CAFACGrant86208620Y86-01612009-07-17CDBG-R award to Chicago Avenue Fire Arts Center (CAFAC), a not-for-profit arts organization, is a new program offering arts education, studio space, and gallery space for work in fine and industrial arts forms, including sculptural welding, blacksmithing, jewelry-making, glass working, and others. Artspace Projects Inc., a not-for-profit real estate developer for the arts, sought financing to acquire the building from the City of Minneapolis and build out the studio, classroom, and gallery space for CAFAC. Once finished, Artspace will lease the building to CAFAC. Benefits of the project to low and moderate income residents include: (1) class scholarships to low-income students (2) programming to help artist-entrepreneurs build business skills and networks (3) pedestrian-friendly destination at a key intersection of three City of Minneapolis CDBG Target Areas (4) crime prevention through CPTED techniques in the building renovation (5) a free youth arts project, engaging youth from the adjacent CDBG Target Areas with the community and providing them with a positive outlet for creative expression.275000.00Project Complete, occupant started classes.Fully Completed0.00No jobs created, full grant spent on property acquisition.275000.0000.0000.00Chicago Avenue Fire Arts Center14.253Z99275000.000.0000.0005No3749 Chicago Ave. S.MinneapolisMNUS55407261005C-27229275000.002009-11-2083207745205No250 3rd Avenue NorthSuite 500MinneapolisMNUS55401164105275000.00