Financial Assistance & Funding

There are many perks to doing business in the Hammond Downtown Development District: state and federal historic tax credits, DDD-established incentives (the Facade Grant Program and the Revolving Loan Program), and full-time grant application assistance. All of these options encourage the renovation and improvement of the district’s existing buildings, as well as promote and encourage new business and development.

DDD Assistance Programs

Facade Grant

If you plan to renovate the exterior of your building including renovations to the front of your building, awnings, painting or lighting, the Facade Grant program may be right for you!  The Facade Grant awards are not to exceed $2,000 and must be matched dollar for dollar by the recipient. Only one application per fiscal year, work must be finished to apply. Facade Grants are not awarded for signage.

In 2018 the DDD distributed $6,815 in facade grants.

In 2019 the DDD distributed $6,000 in facade grants.

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Revolving Loan

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.

In 2018 the DDD distributed $249,196 in Revolving Loan funds. 

In 2019 the DDD distributed $150,000 in Revolving Loan funds. 

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Tax Credits 

 Federal Tax Credits for Historic Buildings

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. 

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State Tax Credits for Historic Buildings

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

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Louisiana Main Street Programs

Main Street Restoration Grant


Louisiana Main Street Restoration Grants provide matching funds to encourage the revitalization of historic downtown commercial properties in designated Louisiana Main Street districts. The Louisiana Main Street Restoration Grants serve as an effort to promote community revitalization and stimulate economic growth and vitality, in addition to enriching cultural tourism. Community reinvestment utilizing historic preservation practices improves community economic health by fostering renewed interest in shopping, working, and living downtown.

Grant funding and the number of grants awarded are dependent on state budgets and the amount of funding appropriated by the legislature each year.

This is a reimbursement, matching funds grant!

Grant awards may range from $2,500 to $10,000. Grants require a dollar-for-dollar monetary match toward hard costs. In-kind contributions cannot be used to fulfill the match requirement.

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Redevelopment Incentive Grant 


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.

In addition, the proposed work must be approved by the local Historic District Commission and the Louisiana Main Street office, while also conforming to the guidelines set forth by the Secretary of the Interior’s Standards for Rehabilitation.

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Historic Revitalization Subgrant Program


The Paul Bruhn Revitalization Grant helps fund the rehabilitation & revitalization of historic commercial buildings located in official Main Street communities across the State of Louisiana. Property owners can receive grants of $55,000 & are only required to provide a $5,000 cash match.

To be eligible:

▪️ applicants must be property owners or tenants of commercially-zoned properties located within a designated Louisiana Main Street district with a population less than 50,000

▪️ building must be listed on the National Register of Historic Places or determined eligible for listing in the Register by the State Historic Preservation Office (SHPO) & the National Park Service (NPS) - contact Thibodaux Main Street to schedule a meeting

The priority of this grant program as set by Louisiana Main Street is to return currently vacant or underutilized historic buildings into productive use. During the second round of the grant cycle, six grants will be awarded in the amount of $55,000 each.

Applications must create an online account through Submittable. Once an account is created, the application & guidelines can be accessed through the Louisiana Office of Cultural Development Applications Manager.

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Find more funding options and education in the links below.

The Hammond Downtown Development District is an equal opportunity provider.
Enterprise Zone Program
Quality Jobs Program
Restoration Tax Abatement
Industrial Property Tax Exemption
Southeastern Louisiana University Small Business Development Center

For questions and more information...

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