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.
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. In general, the intent of the grant is to assist with the conversion of existing commercial buildings to multiple residential units.
Eligible projects may receive awards of up to $7,500 per unit developed, with no single grant exceeding $75,000.
Additional information about the Upper Floor Residential Grant program (PDF)