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 firstname.lastname@example.org