The City of Victorville is currently offering the Old Town Commercial Facade Improvement Program to assist qualified commercial Property Owners to enhance the appearance of their storefronts in the Old Town Target Area.
Donor Name: City of Victorville
State: California
City: Victorville
Type of Grant: Grant
Deadline: 11/27/2023
Size of the Grant: $10,000 to $100,000
Grant Duration: 2 Years
Details:
The Program will provide funding in the form of a forgivable 2-year deferred low-interest loan available to qualified commercial Property Owners to make eligible facade improvements, correct certain code violations and/or make ADA improvements to commercial buildings located in the Area.
The objective of the Program is to facilitate commercial revitalization, stimulate private investment, preserve, and beautify commercial corridors and improve the visual aesthetics of commercial building facades. By stimulating private investment and customer patronage, the Program adds value to the City’s economy and enhances the community by encouraging new businesses, jobs, and pedestrian traffic to the Area.
The Program is intended to assist projects that promote retail activities, create an attractive environment, encourage neighborhood character and architectural design, use quality materials, and incorporate good design concepts.
Funding Information
Program funding is provided as a forgivable two (2) year zero percent (0%) interest deferred loan in an amount up to $50,000. Loans and interest will be secured as a silentsecond for a term of two (2) years with 0% interest rate (annually). Loan may be forgiven in two 1-year increments of up to $25,000 each if Property Owner(s) hold title and conduct business at the property for the full two years of the term of the Note.
Term
(2) years
Eligible Property Improvements
Program funds may only be used for exterior rehabilitation elements. Eligible exterior improvements include, but are not limited to:
- Exterior refinishing
- Signage
- Awnings
- Fencing
- Windows
- Doors
- Lighting
- Paint
- Landscaping
- Decorative improvements
- Health & Safety Code corrections
- Code Enforcement corrections
- Mechanical equipment enclosures
- Parking lot resurfacing
- ADA improvements or access
Eligibility Criteria
The Applicant must be the current Property Owner(s), however does not need to be the current Business Owner(s) to be eligible for funding through the Program. Business Owners must coordinate the application submittal with the current Property Owner(s) to apply for the Program. The City will complete a credit report to verify creditworthiness. All Applicants must be creditworthy to qualify.
An Applicant will not be creditworthy if any of the following apply:
- The Applicant has filed bankruptcy within the past 3 years
- The Applicant is not current on all property taxes
- The property is in foreclosure or short sale process
- The Applicant or Business Owner has no monthly income
For more information, visit City of Victorville.
