These loans have 10 year amortization with a 6 year call. The 1st year is deferrable. The Facade Grant Program utilizes a program that is one of the most common in downtown revitalization programs throughout the state and country. This is for small projects that do not qualify for the Facade Loan program. The Facade Design Assistance Program provides the services of architects to offer ideas for facade improvements.
Business owners select an architect from a DGI list.
After conferring with the property owner, the architect provides sketches of a potential new facade. While downtown Greensboro has many historically significant buildings,some are in disrepair or have been negatively altered over the years. Some propertyowners and potential developers believe that renovating a building may be too costly. In addition, they may not understand building codes, construction techniques and the building permit process. With these three programs, DGI is in a position to help downtown property owners plan and carry out building renovation projects, if requested.