The Santa Clara California Recoverable Grant Agreement is a legal document that outlines the terms and conditions for providing recoverable grants in the city of Santa Clara, California. These grants are a form of financial assistance that are given to individuals, organizations, or businesses for specific projects or initiatives that benefit the community and have a potential for generating economic development. The recoverable grant agreement specifies the obligations and responsibilities of both the grantee and the city. It establishes the purpose of the grant, the amount of funding to be provided, and the expected outcomes or deliverables. The agreement also sets the terms for repayment or recovery of the grant funds, typically through a specified repayment schedule or other agreed-upon methods. There are several types of Santa Clara California Recoverable Grant Agreements, including: 1. Small Business Recovery Grant Agreement: This type of recoverable grant agreement is designed to support small businesses in Santa Clara that have been negatively impacted by economic downturns, natural disasters, or other unforeseen circumstances. The grants provided under this agreement aim to help these businesses recover and stabilize their operations. 2. Non-Profit Organization Development Grant Agreement: This recoverable grant agreement focuses on supporting non-profit organizations in Santa Clara, enabling them to enhance their capacity and carry out community-focused projects or programs. The funds provided through this agreement are recoverable, ensuring that they can be allocated to support other non-profit initiatives in the future. 3. Affordable Housing Grant Agreement: This type of recoverable grant agreement is aimed at promoting the development and preservation of affordable housing in Santa Clara. The grant funds are disbursed to developers or organizations involved in affordable housing projects, with the intention of creating long-term, sustainable housing opportunities for low-income individuals and families. 4. Community Infrastructure Improvement Grant Agreement: This recoverable grant agreement is designed to support infrastructure projects that contribute to the overall improvement of the Santa Clara community. The funds provided under this agreement can be used for initiatives such as road improvements, public facility upgrades, or environmental enhancements, with the ultimate goal of enhancing the quality of life for residents. Overall, the Santa Clara California Recoverable Grant Agreement serves as a vital tool in fostering economic development, social welfare, and community advancement. It provides a framework for collaboration between the city and various stakeholders to achieve shared goals and create a vibrant and sustainable future for Santa Clara, California.