Office of Community and Rural Affairs Announce New Historic Renovation Grant Program and Open Call for Letters of Intent

Indianapolis – The Indiana Office of Community and Rural Affairs (OCRA) announced they are now accepting Letters of Intent (LOIs) for the new Historic Renovation Grant Program (HRGP), which is designed to preserve and rehabilitate historic properties to further incentivize downtown economic development.

“OCRA continues to invest our time and resources into creating hometowns that are positioned for economic growth,” said OCRA Executive Director Bill Konyha. “Through OCRA’s Historic Renovation Grant Program, communities have the opportunity to enhance their existing assets and thus produce a quality of place that continues to attract businesses, visitors and residents.”

During the 2016 legislative session, the Indiana General Assembly approved legislation allocating $1.2 million in grant funding for the program, to be administered by OCRA.  Applications for the HRGP, previously known as the Historic Tax Credit Program, will be reviewed by the Department of Natural Resources (DNR) Division of Historic Preservation and Archeology (DHPA) to ensure submissions meet the Secretary of the Interior’s Standards.

Applicants located within an Indiana Main Street or non-entitlement community have the opportunity to apply for project funding between $10,000 and $100,000 at a maximum request of 35% of the total eligible project cost. Eligible applicants include: individual, partnership, firm, association, joint venture, limited liability company, corporation or non-profit affordable housing organization.

Interested property owners, who meet established eligibility requirements, must submit an LOI by 4:00 p.m. EDT on Friday, May 6, 2016 to:

Office of Community and Rural Affairs

Attn: Adam Moschell

One North Capitol, 6th Floor

Indianapolis, IN 46204

For more information about the Historic Renovation Grant Program, contact your regional Community Liaison and visit OCRA’s HGRP webpage.

 

About Brian Scott

I play on the radio from 7 am -1 pm weekdays on 98.9 FM WYRZ and WYRZ.org. Follow me on twitter @WYRZBrianScott or e-mail me at brian@wyrz.org.

Check Also

Indiana State Police Back to School Safety Tips

It’s that time of year again when parents get excited and students are looking forward …

Leave a Reply

Your email address will not be published.