Applications are now being accepted for the City of New Braunfels Business Improvement & Preservation Grant program. These grants are offered by the City to downtown business and property owners in order to support the improvement of buildings through funds generated by the Downtown Tax Increment Reinvestment Zone (TIRZ #3). This includes funding for façade and other exterior improvements, residential and commercial conversions, and improvements to public infrastructure for businesses and property within the Downtown TIRZ boundary.
Applications are accepted throughout the year and are evaluated by the Downtown TIRZ Board and approved by City Council. Eligible improvements can receive a reimbursement of up to 25% of a project’s cost based on the amount of funding that is available.
“The goal of providing these grants is to incentivize development of the downtown area and to promote occupancy in vacant spaces,” said Economic and Community Development Director Jeff Jewell. “In addition to building-specific projects, these grants will also help fund downtown enhancement projects like lighting, landscaping, shade structures, street furniture, and public art, as well as improving public infrastructure and the right-of-way.”
Prior to starting an approved project, applicants must submit a complete application for review. Applicants may also be required to meet with the Downtown TIRZ Board to present the project. The TIRZ #3 Board will recommend projects to City Council for final approval. All grants will come in the form of a reimbursement, with funds dispersed after the required documents are received and the approved project is complete. To begin the application process, use the Downtown TIRZ Grant Online Application Form.
For more information about the Downtown Business Improvement & Preservation Grant program, visit www.newbraunfels.gov/TIRZ3.