Building Reuse and Restoration Grants Program

1
Building Reuse and Restoration Grants Program

• Pre-Development Grants
• Full Application Guidelines

2
Grant Amount and Match

• Maximum grant amount will be 25K.
• Pre-development grants must be matched by 5K in
  local private and/or public funds.

3
Full Application Guidelines

• General Guidelines Continue
• Applicants must be a unit of local government
  located in one of the 85 rural counties or an
  economically distressed urban county designated
  as Tier 1,2, or 3 by the NC Department of
  Commerce.
• The project must show potential to create private
  sector jobs within 24 months of the award date.
• Priority will be given to eligible applications
  from towns with populations of less than 5,000
  and/or severely distressed areas.

4
Eligible Projects

• Building must be vacant for 6 months prior to
  application.
• Mixed use projects, with business in the
  building.
• Must be completed within 6 months of award date.
• Eligible activities.
• Review will consider potential job creation and
  impact on the area.

5
Full Application Requirements

• Application Form
• Must be completed and signed by governments
  chief elected official
• Proposal Narrative
• Exhibits

6
Proposal Narrative

• Why the project is eligible.
• Description
• Age
• Size (gross building area)
• Previous use (s)
• Length of vacancy
• Current conditions
• Assessed tax value (pre and post construction)
• Market value based on most recent appraisal
• Current and future ownership
• Environmental impact on the property

7
Proposal Narrative

• The intended use of the funds
• Who will conduct the predevelopment work
• Cost of the reuse project
• Potential sources and funding plan
• Who will develop and own the building
• Relationship of the local government to the owner
  or developer
• Level of distress
• Number of jobs projected
• Timeline for predevelopment work
• Digital photographs
• Environmental impact of the project (ie
  Brownfield, Greyfield, etc.)

8
Application Process

• Full applications will be due at the Rural
  Center.
• No facsimile or email copies will be accepted.
• Submit 1 original and 3 copies of the application
  package.
• Site visits will be made to each reuse project
• Participants in the site visit should include
  local government contact, project contact,
  developer, business owners and the project
  architect/engineer.

9
Decision Time Line

• Grant will be received on a rolling basis to
  insure that the projects submitted are ready to
  GO!!