New Program Designed for Historic Preservation
In April the Indiana Office of Community and Rural Affairs (OCRA) introduced its new Historic Renovation Grant Program (HRGP). The program focuses on the external rehabilitation of historic properties in non-entitlement and / or designated Main Street communities for the purposes of furthering the potential of those facilities for economic benefit.
Ownership of the buildings can be in the form of individuals, partnerships, firms, associations, joint ventures, limited liability companies, corporations or non-profit affordable housing organizations. Funding for external repairs of the buildings can range between $10,000 and $100,000. Maximum funding per project is based upon 35% of the eligible cost. For example, if the total project cost is $100,000, the building could be eligible to receive a $35,000 grant.
If there are historic buildings in your community that are in need of renovation, please have the owners contact Carol Hagedorn or Karen Conia at 812-423-2020 for an initial analysis regarding program eligibility and requirements.
