Upper floor residential grants
The purpose of this grant is to provide incentives in the form of matching grants to encourage the conversion of upper floors of existing commercial structures to multiple residential units in the Downtown Redevelopment Area.
Eligibility
Any existing multi-story commercial building in the RDD-1 and RDD-2 zoning districts in the Downtown Redevelopment Area is eligible to apply for assistance.
Project funding
Eligible projects may receive awards of up to $7,500 per unit developed, with no single grant exceeding $75,000.
Eligible projects
In general, the intent of the grant is to assist with the conversion of existing commercial buildings to multiple residential units. The following improvements are eligible:
- Costs related to build-out for residential units; including but not limit to:
a) Electrical
b) Plumbing (bathrooms and kitchens)
c) HV/AC Systems
d) Walls and structural elements
- Improvements to meet the requirements for the American Disabilities Act
- Improvements to meet the requirements for the National Fire Prevention Act