Property Improvement Grants
As part of a Business Improvement District, Community Improvement District, or identified corridor, localities can administer a matching façade or sign grant or loan program.
Localities may identify local college or university programs or design professionals to provide design assistance.
Funding may be sourced from federal, state, or local economic development grants, such as Community Development Block Grant (CDBG).
Localities establish geographic targets consistent with funding sources and determine funding maximums based upon budgetary constraints.
Funding may be based upon square footage of façade or sign
Funding may be provided as a low interest loan, forgivable loan, or grant
Local businesses can apply for the matching funds as the property owner or with the property owner’s permission
Eligibility requirements should include business types and activities that are /are not eligible
Property clean-up grants may also be considered to address one-time initiatives to rid properties of trash and blight or to improve lighting or landscaping to improve the appearance of the property.
See the Invest Atlanta, Madison Facade Grant Program, Main Street Facade Improvement Grant, and HUD Exchange Case Studies.
Other Property-Based Policies & Programs:
