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.
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
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.
If you are interested in applying for a Federal Tax Credit, please contact the DDD 985-277-5681
APPLICATIONS CLOSE ON JULY 30, 2021
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.
THIS APPLICATION IS CURRENTLY CLOSED!
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 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.