The Neighborhood Business Improvement Program (NBIP) is one of the resources offered by Salt Lake City’s Housing Stability Division to strengthen the City’s neighborhoods.
Donor Name: Salt Lake City
State: Utah
City: Salt Lake City
Type of Grant: Grant
Deadline: 05/31/2022
Size of the Grant: Up to $50,000
Details:
Housing Stability utilizes federal funding to support local for-profit businesses by offering up to $50,000 in grants to improve their façades. Increasing the street appeal of properties positively affects the surrounding neighborhoods and boosts the economy on a local level.
Funding Information
This program provides grants up to $50,000 for a single project (by parcel). Additional funding may be available through the Salt Lake City Economic Development Loan Fund (EDLF) Microloan Program (a separate application process is required). Grants will be awarded as funding allows. Preference will be given to applicants who contribute at least 25% of the overall project budget.
- Example 1: Project Budget $31,250 (New Front Doors and Awning)
- Applicant is requesting a grant for $25,000 and plans to contribute $6,250.
- Example 2: Project Budget $10,000 (Gutters, Window and Sign)
- Applicant requesting a grant for $7,500 and plans to contribute $2,500.
Eligibility Criteria
- Applicants must have for-profit commercial buildings with facades visible from the street. Preference will be given to small and local businesses. Buildings must be located on a commercial corridor with street access. Mixed-use commercial/residential buildings are eligible, but improvements must be limited to the commercial portion of the building.
- Both business owners and property owners are eligible to apply for the grant. If the applicant is a tenant of the property, then permission from the property owner must be obtained. If selected for funding, a notarized letter from the property owner will be requested and will be party to the grant agreement. It is recommended that tenants have, at a minimum, 12 months remaining on their lease or an option to renew.
For more information, visit Neighborhood Business Improvement Program.
