Because of staff limitations, this program is not accepting applications at this time. Please check back later for updates.
The federally funded Commercial Renovation Program is a redevelopment loan/grant program designed to encourage business initiatives that benefit the Original Aurora area. The program assists in the overall physical improvement and commercial revitalization of Northwest Aurora. Boundaries for the program area are East Sixth Avenue on the south, East 25th Avenue on the north, Yosemite Street on the west, and Peoria Street on the east.
Program goals
- Stimulate economic development in Original Aurora
- Increase the employment base of the area
- Enhance the visual appeal of the area
- Reduce energy use by replacing storefronts with modern windows, doors and insulation
Funding and costs
-
Up to $30,000 grant for architectural fees
-
Federal funding per project shall not exceed $200,000 (larger projects will be considered on a case-by-case basis)
-
Funding is split evenly between a 10-year forgivable loan and a 10-year, 0% interest installment loan
Eligible improvements
Eligible improvements include but are not limited to:
- Facade renovation
- Safety/security glass installation
- Awning installation
- Exterior paint/stucco
- Roofing
- Landscaping
- Parking lot improvements
- Signage (cannot be a stand-alone project)
Ineligible improvements
Ineligible improvements include but are not limited to:
- Rooftop HVAC units
- Deferred maintenance
- Construction of additional square footage
Who's eligible
Applicants for the program must own a business or commercial property located in the program target area. We will give priority in the Commercial Renovation Program to the following:
- Projects that recruit new and/or retain high-priority business
- Projects where the business/property owners are committed to making substantial improvement to their properties
- Projects that improve safety and health conditions and/or code violations
- Project sites identified as key in Market Analysis and/or high visibility locations
Not sure what your business front can look like? At no cost to you, we will have your store front redesigned to show you the potential after renovation.
Learn more
303.739.7900