BUILD Grant


Block Urban Infill Land Development (BUILD) Grant

BUILD Grant PDF

BUILD Grant APPLICATION PDF

Program

Surface parking or vacant lots break the continuity of energy created by active storefronts as well as the ability to increase the density of commercial and/or residential development in a district. Surface parking or vacant lots also harm the overall walkability of an area. The LDDA understands the importance of infill development as is relates to creating a dense, compact, and walkable Downtown. The intent of the BUILD Grant is to support the revitalization of Downtown’s walkable commercial corridors in the core sub district. Total grant not to exceed 10% of development costs, excluding developer fees and overhead.

 

The BUILD Grant is a one-time reimbursement of up to $250,000 for a qualified infill development project on one of the targeted infill sites. (See Exhibit A) Depending on size, scope and impact, the project may also be eligible for up to an additional $250,000 paid in increments of $50,000 per year for 5 years.

General Grant Goals

  • Significantly impact a city block which suffers from a lack of reciprocity of active and engaged occupied buildings
  • Increase ground floor retail opportunities where like businesses exist
  • Increase residential units
  • Increase 3+ story buildings (thus density)
  • Increase mixed-use development
  • Rooftop experiences (gardens or gathering spaces)

Eligibility

The BUILD Grant is available to property owners of the identified parcels defined in this grant packet’s Exhibit A. Government entities and not-for-profit entities are not eligible, with the exception of those paying property taxes. In the event the property is sold or transferred to a governmental or not-for-profit entity within five (5) years of the payment of grant funds, the grant recipient will reimburse the LDDA a prorated percentage of the grant award equal to the percentage that the number of months left in the five-year period at the time of sale or transfer bears to the full five-year period. Applicants must be free of delinquent payment of fines or fees at the time of application.

Process

LDDA desires for a project to be completed by December 31, 2021. Therefore the application period will open on October 1, 2019. Applications will be accepted for 6 months, and the application period will close on March 31, 2020.

Qualified applicants must set an appointment with LDDA staff to discuss the proposed infill project. The LDDA office is located at 117 N. Kentucky Ave., phone number 863-687-8910. Staff will review the project against the grant criteria and for completion of the application. The LDDA board members will receive all applications for individual board member review to determine which projects will be asked to make presentations. Qualified applicants are then scheduled to present their project to the LDDA Board at a regular or special called meeting for consideration of the BUILD Grant. Board members may submit questions/request additional information in advance of the presentation.

Once all of the project presentations have been completed, staff will compile the scorings and present the data to the LDDA board of directors. The Board will hold a special meeting to discuss the project presentations, rank them, and ultimately award a project or projects if desired. Rankings are not solely based on board members’ cumulative scores. Board members will discuss projects as a group and can argue for or against a project to fellow board members. At this meeting board members will make a final ranking of all projects. The LDDA reserves the right to make no award. Grant awards are based solely on LDDA Board of Directors’ discretion.

Selection Criteria

The LDDA Board of Directors has identified the following elements as criteria by which to evaluate a project. Evaluation includes, but is not limited to, these elements.

Developer’s investment in the project

Location

Density of site plan

Ground floor pedestrian friendliness (design review)

Parking plan

Project’s ability to connect corridors within Downtown

Applicant’s ability to complete the project within desired time frame

Corner – does project impact multiple city streets

Point System

The LDDA Board of Directors will use a 3-point system by which to evaluate. Each Board Member will award each project a 1,2, or 3 based on his/her individual evaluation of the project after each presentation. The scores will be collected and the cumulative scores for each project will be presented at the special meeting called to discuss all presentations

1 point – Project fulfills/exceeds the criteria; highly recommend the project for funding

2 points – Project mostly fulfills the criteria; could recommend funding with additional considerations

3 points – Project does not meet enough of the criteria to be considered for funding

Expiration of Grant Award

Grantee must receive a building permit within 6 months from the date the LDDA Board awards the grant. A three (3) month extension may be requested by grantee prior to the 6 month deadline. If the LDDA Board of Directors chooses to not allow an extension the grant award would expire and could then be offered to the next highest ranked project. The LDDA reserves the right to make no award. Grant awards are based solely on LDDA board of Directors’ discretion.

Transferability

Any requests for transfer or assignment of the grant must be submitted to the LDDA Board of Directors for consideration. Transferability is not guaranteed and is at the sole discretion of the LDDA Board of Directors.

Disbursement of Funds

The grantee shall incur all initial project costs and may receive reimbursement only after the issuance of a certificate of occupancy. LDDA grant funds will be disbursed within 60 days once occupancy certificates have been turned in to the LDDA office.

SEE MAP OF ELIGIBLE LOCATION/SITE IN THE PDF linked at the top of this page.