DDD offers a low interest loan to property owners and business owners in our District up to $75,000 with an interest rate of 2 below prime. Applicants for the loan fund must be a registered sole proprietorship, partnership or corporation established for doing business in the DDD. Renovations are not limited to façade only, eligible projects include: acquisition of land for industrial or commercial use, acquisition of improved properties with development potential for industrial or commercial use limited to owner or tenant occupancy, start-up and/or expansion of businesses in the DDD, rehabilitation and renovation of usable vacant buildings for specific industrial or commercial use in the DDD.
If you are interested in applying for a revolving loan, please contact the DDD.
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Louisiana is a national leader in dollars used for the Federal Tax Credits. This program is run through the National Park Service and offers applicants a 20% tax credit for rehabilitation to historic, income-producing buildings.
Any qualifying building in the Historic District can utilize this problem If you are interested in applying for a Federal Tax Credit, please contact the Hammond Historic District- 985-277-5684 Or visit the National Park Service Website
Louisiana is a nation leader in dollars used for the Federal Tax Credits.
In addition to Federal Tax Credits, qualifying DDD buildings may apply for the State Federal Tax Credit program. This program offers another 20% tax credit for rehabilitation to historic, income-producing buildings. This program is run through the Louisiana Office of Culture, Recreation and Tourism in the division of Cultural Preservation.
Visit their website for guidelines and more information.
If you are interested in applying for a Federal Tax Credit, please contact the DDD 985-277-5681
THIS APPLICATION IS CURRENTLY CLOSED!
Hammond Downtown Development District is soliciting Main Street Restoration Grant
applications from downtown commercial building and/or business owners. The Louisiana Main Street program offers grants ranging from $2,500 to $10,000. Grants are available for either interior or exterior building rehabilitation projects.
Applications received from Hammond Downtown Development District building and/or business owners will compete statewide for funding with other Main Street communities.
To be eligible for Main Street Restoration Grant funds, a building must be located within the downtown Main Street district, be used for commercial purposes, and be at least 50 years old.
THIS APPLICATION IS CURRENTLY CLOSED!
The Louisiana Main Street Program was one of nine projects nationwide to receive grant funding through the Historic Revitalization Subgrant Program (HRSP). The National Park Service, which oversees the HRSP grants, awarded Louisiana Main Street $662,000 for the rehabilitation and revitalization of commercial buildings around the state. Grant awards in the amount of $55,000 each will be given to owners or tenants of historic buildings located within officially designated Louisiana Main Street districts. Grants are available for either interior or exterior building rehabilitation projects.
To be eligible for HRSP funds, a building must be located within a Louisiana Main Street district in a community with less than 50,000 population. The building must also be either individually listed on the National Register of Historic Places or a contributing element in a National Register Historic District. In addition, buildings that are eligible for either of these National Register designations but not currently designated can qualify. All proposed rehabilitation work must comply with The Secretary of the Interior’s Standards for Rehabilitation.
