Low Interest Loans Available to Rehab Commercial Buildings
in Port Townsend’s Commercial Historic Districts
HUD LOAN APPLICATION DUE DATE:
Spring – March 15, 2020 at 5 pm.
Fall – October 15, 2020 at 5 pm.
These funds can help property owners accomplish historic preservation goals and safety improvements in their buildings and is available to commercial buildings in Port Townsend’s Downtown and Uptown Commercial Historic Districts. With these funds, building owners have painted the exterior of their buildings, repaired roofs, fixed staircases, re-pointed brick facades, installed windows and improved the safety of their buildings.
PLEASE NOTE: No retroactive proposals, thank you.
Some of the projects funded in the past include The Terry Building, The Gallus Rutz Building, Aldrich’s Grocery, US Bank Building, the C.F. Clapp Building, the Sorge Building, the Mary Webster Building, the Miller Burkett Building, the James and Hastings Building, the Bartlett Building, the Rose Theatre Building, the Green Eyeshade Building, the Palace Hotel, the Captain Tibbals Building, the Hastings Building, the Kuhn Building, the Good Templars Hall, the Port Townsend Athletic Club Building and the Abracadabra Building.
Applicants fill out a brief application, include a photo of the building, total budget, provide financial information, timeline for work, two estimates and funding amount requested. Applications can be downloaded from Main Street’s website. Forms are also available at the Main Street office in the Mount Baker Block Building, 211 Taylor Street, 2nd floor, Suite #3. Completed applications must be returned to the Port Townsend Main Street Program office at 211 Taylor Street, #3, Port Townsend WA 98368 by the deadlines: Spring deadline: March 15th, 2020 at 5 pm; Fall deadline: Oct. 15th, 2020 at 5 pm.
Loan amounts may be between $1,000 to $40,000 with a ten-year term. Interest charges are set at 5%, but with early repayment, your interest could be as low as 0%.
Contact the office at (360)385-7911 or email firstname.lastname@example.org for more information.