The Village of Westmont is accepting applications for the 2024 Downtown Incentive Program.
Donor Name: Village of Westmont
State: Illinois
County: All Counties
Type of Grant: Grant
Deadline: 12/08/2023
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
The purpose of the program is to provide grants to owners of properties and businesses in the Central Business District (“Downtown”) for building renovation projects that will significantly improve properties, enhance the viability of existing businesses, and encourage new businesses to locate in Downtown Westmont.
Funding Information
- Tier 1 (Minimum $5,000 project cost; Maximum $20,000 grant award):
- Lowest entry project cost and grant award of all Tiers;
- Eligible activities target building facade improvements, life safety issues including fire suppression, ADA accessibility into buildings, and business signage;
- Targets straightforward improvements and single activities;
- May require scoring mechanisms if grant requests exceed budgeted funding.
TIER 1 Fundable Activities
- Facade Improvements
- Any construction activity that improves or enhances the appearance, function, or longevity of the facade of a building;
- Signage
- Any permanent business Wall, Ground or Projecting signage as permitted in Article XI of the municipal code.
- ADA (exterior)
- Any improvement to an existing front facade entrance of a building that eliminates an impediment to compliance with accessibility standards
- Fire Life Safety
- Installation, upgrade or expansion of fire suppression systems, alarms, exiting signage, emergency exiting, or similar upgrades to improve the fire safety of a building;
Eligibility for Grants
- The subject property must be located within the Central Business District Tax Increment Finance District, with priority given to projects in the B-1 Limited Business District.
- Applicants may be the owner of a commercial or mixed-use building, and/or the owner of a commercial business.
- If the applicant is a tenant, the tenant must have written approval from the property owner supporting the proposed improvements and both the tenant and the owner must agree to the terms and conditions of the grant award. All tenants must have an executed lease agreement with at least a three (3) year duration remaining.
- All rehabilitation work and design features must comply with all applicable Village codes, ordinances, relevant design guidelines, and zoning regulations.
- The property and/or business shall not have an active Notice of Violation for property maintenance.
- Applicants must ensure that all project permits are obtained.
- Eligible properties are limited to existing buildings, not redevelopment or new construction that expands the existing building footprint by more than 20%.
- The applicant must be in good standing with the Village, with no outstanding and unpaid taxes, fines and/or fees, and with a valid business license, if applicable.
For more information, visit Village of Westmont.
