Facade improvements such as store fronts, display windows, glazing, painting or stucco, wood treatments, exterior lighting, and visible roof repairs, in conjunction with structural improvements. Funds can only be used for improvements which are permanent in nature. In-kind contributions, such as labor, are encouraged but are generally will not be counted as a matching contribution, unless the value of the contribution can be established by previous comparable work by the applicant. Loans shall be fully amortized over the term of the loan, with provisions to allow for prepayment without penalty. Loans may be paid monthly or quarterly.
Loans are due and payable upon transfer of property or business.
After reviewing the Program Guidelines, applicant meets with agency staff to discuss desired work to be undertaken. The consultant submits a confidential report to the applicant, and applicant decides whether or not to proceed with the loan application. Applicant submits proposal. Cost estimates of work to be undertaken and other such information as may be necessary A project proforma, including projected cash flows. Agency staff analyzes the proposal and makes the appropriate recommendation to the Redevelopment Agency.