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Government  Commercial Rehabilitation  

Commerical Rehabilitation

The goal of the Commercial Rehabilitaton Program is to encourage commercial development through building rehabilitation and to improve the visual quality of the building. The program offers a grant and low interest rate loan for buildings located within one of the target areas.

A grant of 25% of eligible project costs up to $25,000 is available for exterior improvements.   A loan of up to $50,000 is available per property at a rate of prime less ½% for a maximum term of 25 years, with a private match requirement of 25%. Grants for historic properties must comply with Historic Property Exterior Restoration Policy.

For more information contact Reine Mynahan at (207) 333-6601 extension 1330 or rmynahan@auburnmaine.gov