Terre Haute, IN - Vigo County
DHPA Grants and Aid
If you are thinking about preserving your historic property, several financial incentives from governmental agencies and private foundations might be able to help you achieve your goals.
There are private foundations across Indiana and the nation that provide funds for a variety of projects. Contact the Indiana Philanthropy Alliance to obtain their directory of grant makers. Another resource is the Corporate and National Foundations, which will have more useful information.
If you are a private homeowner, who plans on living in the home after the restoration, you should check out the state residential historic rehabilitation tax credit program.
INCOME PRODUCING PROPERTIES
If you area an individual who owns a property that will be income producing, look into the Investment Tax Credit Programs.
BUILDINGS OWNED BY ORGANIZATIONS OR GOVERNMENTS
- For not-for-profits, governmental agencies, school or library boards, and educational institutions, DHPA has grant programs, for which you may be eligible.
- Brownfields Program - The Indiana Department of Environmental Management offers a variety of funding sources from revolving loan funds to grants and tax incentives to help rehabilitate contaminated property identified as brownfields.
- Community Focus Fund - Grants from CDBG funds awarded to non-entitlement communities and counties with low-to-moderate income or blighted areas for concrete projects. Eligible projects typically include infrastructure improvements, fire protection, downtown revitalization, community centers, day care centers, senior centers, historic preservation, and infrastructure in support of housing.
- Community Focus Fund Planning Grant - This program is similar to the one above, but is solely for feasibility planning. Typical eligible planning activities include feasibility studies, preliminary engineering reports (PERs), project plans, redevelopment plans, environmental reviews and assessments, and site control, for issues such as infrastructure in support of affordable housing, land use, economic development, downtown revitalization, wetlands management, utilities, and historic preservation.
- Neighborhood Assistance Program - Provides tax credits for not-for-profit organizations that assist residents in their low-to-moderate income community. The tax credit is equal to 50 percent of the investment made by the organization. Eligible projects include housing, counseling, and downtown and commercial rehabilitation. Eligible costs include administrative salaries or construction.
- Rural Development Action Grant - This program, administered by the Indiana Rural Development Council, is for governmental bodies and not-for-profit organizations and is geared toward the following goals: Create, assess, and assist a pilot project to enhance the economic and community development in a rural area; establish a local revolving loan fund for an industrial, a commercial, an agricultural, or a tourist venture; provide a loan for an economic development project in a rural area; provide technical assistance to a rural organization; assist in the development and creation of a rural cooperative; address rural workforce development challenges; and assist in addressing telecommunication needs in a rural area.
- The Indiana Economic Development Corporation offers a myriad of business-related grants and incentives
This section provides some interesting resources for a variety of funding and project opportunities from the federal government and private organizations.