Get grant funding for improvements to a commercial building in a CRA district
The primary objective of the Commercial Property Improvement Program (CPIP) grant is to encourage rehabilitation and preservation of commercial buildings by offering financial assistance as a reimbursable matching grant. The grant award and required match are determined based on the longevity the applicant has been within the CRA district:
Tier |
Years in Area |
Match Required |
Max Award |
1 |
0 - 4 |
50% |
$30,000 |
2 |
5 - 9 |
35% |
$35,000 |
3 |
10 - 14 |
25% |
$40,000 |
4 |
15 - 19 |
15% |
$45,000 |
5 |
20+ |
0% |
$50,000 |
Specific goals of the Commercial Property Improvement Program grant are as follows:
- The elimination of blighting influences, rehabilitation or preservation of properties of special value for historical, architectural or aesthetic reasons.
- The elimination of conditions detrimental to the health, safety, and welfare of the community.