• Dec 10, 21
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

The Façade Improvement Program provides financial assistance to private, non-profit and/or City or County groups for downtown property improvements.

There are several objectives for this incentive, which include but are not limited to: – Stimulating the redevelopment of Downtown Tucson adding to both the employment base and activity level; – Bringing about the recycling and environmental upgrading of presently vacant or under-utilized and buildings; – Assisting in financing and financial packaging of public and private downtown revitalization efforts; – Assisting in the preservation or restoration of the historic visual character of older buildings in Downtown Tucson; – Improving the appearance of Downtown streetscapes in anticipation of the arrival of the street car; and – Encouraging the retention of existing or the recruitment of new commercial tenants in participating buildings.

The Façade Improvement Program is a matching loan fund.

Property owners or tenants accepted into the program are required to match dollar for dollar (50%) of all funding received for façade improvements.

The properties must be on, or eligible for, the National Register of Historic Places.

The Façade Program has 2 categories: Major Renovation This category has a maximum loan/grant amount of $125,000 for corner sites and $90,000 for mid-block sites.

The loans will be forgivable if the property owner/tenant remains in compliance with the terms of the program over the ten (10) year period.

These are limited to historic buildings.

Minor Upgrades This category allows for a maximum loan/grant amount of $5,000 for projects to paint their façade and install/replace awnings.

The loans will be forgivable if the property owner/tenant remains in compliance with the terms of the program over the five (5) year period.





Contact Information
Downtown Tuscon Partnership
Address: 110 Pennington Street
City: Tucson
State: Arizona

Website: http://www.downtowntucson.org/invest/investmentsbusiness-resources/facade-grant-program/

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