In an effort to give downtown businesses every chance to succeed, the Lousiana Main Street Redevelopment program is offering incentive facade grants.
Minden Main Street Director Pattie Odom said applications are now being accepted for The Louisiana Main Street Redevelopment Incentive grant, which provides a financial incentive for property owners to restore and/or redevelop (through historic preservation practices) historic downtown commercial properties located in designated Main Street districts.
“Downtown building and business owners are eligible to apply for the grants which are offered each year by the Louisiana Main Street Program,” Odom said.
Two types of competitive grants are available – a $10,000 grant for major projects and a $2,500 grant for minor projects.
“The grants are matching grants and are reimbursable upon completion of the project,” she said. “The grant pays 50 percent of the approved rehab costs.”
Applications may be picked up at the Minden Main Street Office or reception desk located inside Minden City Hall.
“Those interested will receive a packet which will include grant guidelines, historic preservation guidelines and deadlines associated with the grant,” Odom said. “In the past 24 years, Minden Main Street has received $119,455 in redevelopment grant funds from the Louisiana Main Street program.
“It has been two years since we have had a property owner apply for this particular grant,” she continued. “There are plenty of properties downtown that are in need of repair. Business owners and/or property owners are urged to take advantage of this opportunity.”
To be eligible for Redevelopment Incentive Grant funds through the program, a building must be located within the downtown Main Street district, used for commercial purposes and be at least 50 years old.
In addition, the proposed work must be approved by the local historic district commission and the Louisiana Main Street office, while also conforming to the guidelines set forth by the Secretary of the Interior’s Standards for Rehabilitation.
“The grants are competitive and are reviewed by an independent panel selected by the Louisiana Main Street office,” Odom said.
All grant applications must be submitted to the Minden Main Street office in Minden City Hall or mailed to Minden Main Street at P.O. Box 580, Minden, LA 71058-0580 by June 10, 2011.
All applications will be reviewed by the local Historic Commission for appropriateness and then sent on to the state for review. All applications that are deemed appropriate will be submitted to the state.
If awarded a Redevelopment Incentive Grant, the applicant must begin the project within 90 days of approval and has until May 31, 2012 to complete the work and submit the required reimbursement documentation.
The Minden downtown Main Street district is bound by Monroe on the north, the bottom of the Confederate Park Boulevard on the east, Dennis Street on the south, and Murrell on the west.