North Quarter, Lake Lucerne, Central Business District, and Eola Planning Areas
Commercial Buildings located within these areas of the CRA shall be eligible for funding for façade improvements of up to $100,000 or 50% of the total façade improvements, whichever is less. Historic Residential Buildings (homes originally built before 1972) that are owner-occupied and that are considered contributing structures to a historic district or are considered a historic landmark and located within the CRA’s Planning Areas above shall be eligible for funding for façade improvements up to $20,000 or 50% of the total cost of façade improvements, whichever is less.
Parramore Heritage Planning Areas Commercial Buildings located within these areas of the CRA shall be eligible for funding for façade improvements of up to $120,000 or 50% of the total façade improvements, whichever is less, or a combination of façade and stabilization improvements up to $140,000 or 50% of the total cost of improvements, whichever is less. If the applicant applies for façade and stabilization improvements, two-thirds of the improvements must be façade improvements to the outside of the building visible from the right-of-way. Residential Buildings, including Historical Residential Buildings that are owner-occupied and located within these areas of the CRA shall be eligible for façade improvements up to $20,000, or 50%, of the total cost of façade improvements, whichever is less. Business applicants that have previously received funding from the Minority/Women Entrepreneur Business Assistance Program (MEBA Program) or property owners that lease to a business that has received funding from the MEBA Program shall be eligible for an additional incentive of up to $40,000. The improvements must benefit the MEBA recipient tenant.