Downtown Association of Forest Grove
Building Improvement Grant
b2ad9fe1-e363-4504-835f-fa6f72d8048a
Deadline:
|
Funding Amount:
$
100000
Description
The Building Improvement Grant Program provides financial assistance to projects within the Urban Renewal Area that increase assessed value, stimulate private investment, create jobs, improve property values, increase the desirability for leasing, increase the functionality of the space, promote sustainable building practices, encourages the preservation of historic resources, provide needed housing and mixed-use development, encourage uses and amenities that promote increased residential uses, and encourage the construction of public gathering spaces.
Eligibility
Applicants must meet all of the following requirements to be eligible for consideration.
Property must be located in the Urban Renewal Area.
The project will likely increase the taxable assessed value.
Property must be used in whole or part for commercial purposes.
Applicant must be a building owner or tenant. The applicant must provide a signed and notarized authorization letter from the building owner.
Business must be locally owned or a locally owned franchise. National franchises not locally owned are ineligible.
Business must be for-profit or a non-profit that does not receive a city property tax exemption.
The total project cost must not exceed the maximum amount of funding a single property can received in a five-year cycle of $105,000.
Applicant must attest they will not use grant funds for their own labor.
Applicant must attest they will not use grant funds for any governmental permit, system development charge (SDC), and/or application fees.
Project must comply with all local, state and federal rules and regulations.
Applicant must provide a signed and notarized Hold Harmless Letter.
Applicant must answer all questions on the application to be eligible for consideration.
