Southern Indiana Business Report
INDIANAPOLIS — The Historic Renovation Grant Program will open for applications on July 1, according to Lt. Gov. Suzanne Crouch and the Indiana Office of Community and Rural Affairs. The program is designed to preserve and rehabilitate historic properties to further incentivize downtown economic development across Indiana.
“Our state is home to many unique structures filled with history,” Crouch said. “Preserving these buildings through this grant will not only help local communities maintain their downtown buildings, but also help keep Indiana’s rich history alive.”
Applicants with an eligible historic commercial structure have the opportunity to apply for project funding between $5,000 and $100,000. The request must be no more than 50% of eligible project costs, with the local match being greater than or equal to 50% of the total eligible project costs.
“Indiana has countless beautiful, historic buildings that just need a bit of attention, but this can sometimes be costly,” said OCRA Executive Director Denny Spinner. “This grant will help communities invest in these structures and, as a result, preserve our state’s rich history for years to come.”
Beginning this year, the program will be a competitive grant program rather than first come, first serve as it was in previous years. Eligible applicants include non-profits, individuals, partnerships, firms, associations, joint ventures, limited liability companies, corporation or non-profit affordable housing organization.
Applications must be submitted by 5 p.m. on Sept. 24, 2021. For more information, visit in.gov/ocra/hrgp.htm.