The purpose of the program is to provide for the rehabilitation of commercial properties citywide.
Eligible activities include the rehabilitation of building exteriors, interiors, mechanical systems, and structural repairs.
Applications must include a business plan with two years of financial projections. Interest Rates & Funding
Interest rate / term: 3% for 10 years
Matching funds: Program participant must provide or secure a matching amount (50% of project cost) in part or total from a participating lending institution, owner, and/or insurance company or owner-equity