CHESTER DOWNTOWN FAÇADE IMPROVMENT PROGRAM
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Summary of Program Guidelines
Purpose |
To provide incentives to property owners or tenants of properties located in the Chester Downtown Business District to enhance the physical appearance of their building facades. |
Eligible Uses |
Exterior treatments of existing buildings. Eligible construction/rehabilitation will include exterior walls visible from the public right-of-way. Roofing will be considered eligible only when it is a visible part of the principal façade. For projects over $2,000, the Davis Bacon prevailing wage laws apply. |
Eligible Applicants |
Property owners of eligible properties that house for-profit businesses or for-profit business tenants in eligible properties. Tenants occupying eligible properties must provide written consent from the property owners for the proposed renovations. |
Program Boundaries |
The Chester downtown business district. (See map on back.) |
Rates and Terms |
This program offers a zero (0) interest loan, which will be forgiven on a three (3) year pro rata basis. At the completion of each full year that the business occupies the property, the amount of the original loan will be reduced by thirty-three percent (33%). After three full years, the entire loan will be forgiven. |
Loan Amounts |
50% of total project costs. Maximum loan is $10,000.00. |
Fees |
$100.00 Application Fee |
Restrictions |
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