FEDERAL HISTORIC TAX CREDIT 

Income producing properties may be eligible for Federal tax credits of up to 20% for certain project. For more information:

Historic District Map

Historic Preservation Board

Historic Tax Credit Workshop (Video)


Development Grants

The proposed improvement must have a documented beneficial impact on the community demonstrating public purpose otherwise the funds must be in the form of a loan with re-payment options.

  • Façade Grants: $50,000 = $5,000 per façade
  • Exterior building improvements in Main Street boundaries
  • Must be matched dollar-for-dollar by owner of the property
  • Strong demand
  • Signs, paint, design assistance + façade renovations

Anchor Building Grants

$500,000 or 30% of project costs (whichever is less) + must be a SIGNIFICANT downtown building

Usually provided as a grant to the applicant and as a loan to the developer. Municipality must be a participant in the Revolving Loan Fund that received the loan payment(s).

  • Greater than 10,000sf
  • Vacant or underutilized
  • Considered by the community to be an important downtown building that is vital to the downtown’s health as evidenced by its key part in the downtown strategy
  • Structurally sound building that is eligible for, or already listed on the National Historic Register
  • Local business expansion or creation
  • New or improved tax revenues for the Municipality
  • Jobs
  • Coordination between local and county government and other public agencies
  • Eligible activities
  • Acquisition
  • Renovations
  • Infrastructure
  • Site improvements
  • Reconfiguration of interior space
  • Phase I environmental
  • Appraisal
  • Public Infrastructure
  • Financial documentation from the borrower evidencing the borrower’s ability to pay back the loan must be submitted with application.

Redevelopment Grant-to-Loan

$500,000 or 30% of project costs, whichever is less. 

Rehab/new construction of a structure(s) on previously developed sites or locations experiencing blighting conditions where a for-profit entity or private sector firm will own the improved building or site after the work is completed.

  • Public Improvement Grant - $500,000 w/ a dollar-for-dollar match.
  • Public space improvements
  • Recovery from natural disaster

 

*GRANTS ARE AVAILABLE BASED ON AVAILABILITY OF FUNDS. ALL FUNDS ARE SOURCED AT THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT, COMMONWEALTH OF PENNSYLVANIA.

Contact Eric Milliron at emilliron@mtlebanon.org