The City of Syracuse Department of Neighborhood and Business Development (NBD) is seeking applications for the Downtown Revitalization Initiative (DRI) Main Street Facade Improvement Program.
Donor Name: City of Syracuse Department of Neighborhood and Business Development (NBD)
State: New York
County: All Counties
Type of Grant: Grant
Deadline: All Time
Size of the Grant: $100,000 to $500,000
Grant Duration: Grant Duration Not Mentioned
Details:
Using funding allocated from the State of New York and Onondaga County Department of Community Development, the City of Syracuse has created an investment program designed to support the redevelopment and improvement of commercial, mixed-use, and/or historic properties located within the Downtown Revitalization Initiative (DRI) area. The City of Syracuse sees this as integral to the ongoing economic recovery, reactivation of commercial uses and mixed-use buildings, and foster new growth.
Funds are available to for-profit seeking to make building façade improvements through New York State’s Downtown Revitalization Initiative (DRI).
Funding Information
$1.8 million has been appropriated for this program. The maximum amount of funding that can be awarded is up to $250,000 per project. Please note however the average award size is anticipated to be $100,000 or less. No more than 75% of the total project cost of a specific property will be funded by this program.
Eligibility Criteria
Eligible applicants include those who own or are under contract to purchase an existing property in the City of Syracuse and located within the Downtown Revitalization Initiative (DRI) Area and are seeking to make exterior/interior building improvements – this may include mixed-use buildings that contain residential apartments. Both for-profit and nonprofit / 501c3 or c4 organizations are eligible to apply.
For more information, visit NBD.