What is Focused Investment Strategy (FIS)?
The City of Rochester initiated the Focused Investment Strategy (FIS) in the fall of 2008. The goal of the strategy is to markedly improve neighborhoods in the City within a three to five year timeframe by focusing federal Community Development Block Grant (CDBG) funding and leveraging other available resources.
Note: An Interim Progress Report was issued in March 2013. Please click here for further information.
The following four targeted neighborhoods were designated by the City of Rochester and City Council as part of the FIS in August of 2008.
The process by which FIS is implemented is guided by the following area designations:
- FIS Area (Red and Blue Parcels) – areas eligible for FIS funds. FIS implementation in this area will include: developing programs to address a high proportion of the properties; working to identify opportunities for future funding; and addressing problem properties as they arise.
- High Priority Streets (Red Parcels) – the specific streets within the FIS Area within which: every parcel will be addressed in the early years of FIS according to its needs; the streets will be viewed as priority for funding; and the streets will be priority for public infrastructure upgrades and improvements.
- Impact Area (Gold Parcels) – an area immediately adjacent to the FIS Area, within which data will be collected and monitored for benchmarking and future decision-making.
- View the Area Maps here
Each FIS area comprises a team of stakeholders charged with the responsibility of identifying the area’s immediate needs, conceptualizing its long-term development strategies, and planning for the allocation of FIS resources. Initial programs have been established to support rehab of owner occupied and investor-owned properties, to improve vacant lots, and to support small community-driven projects.
Nearly four years into FIS program implementation, this report serves as an interim assessment of the Focused Investment Strategy, including:
- Impact on Neighborhood Health Indicators
- Stakeholder Team Feedback/Perceptions
- Next Steps/Recommendations
View/download the report:
For additional information on this program, please contact Carol Wheeler, Manager of Housing, at (585) 428-6152, or via email to firstname.lastname@example.org