Façade Rebate Program
The City of Indianapolis and Local Initiatives Support Corporation's Commercial Façade Rebate Program provides funds for business and property owners who engage in visible improvements to the front of their property. This is a rebate program where business and property owners receive reimbursement for up to 50% of the cost of the project, in amounts ranging from $1,000 to $20,000 for completed work.

Preference will be given to businesses in the targeted Focus Commercial Corridors: Martin Luther King, Jr. Street, West Washington Street, Fountain Square area, East 10th Street, 16th Street, North Meridian Street and Irvington.

For more information, download the 2008 Facade Application.  Applications for 2008 are now closed.  The deadline for the 2009 Program will be February 15, 2009. 
 

Neighborhood Brownfield Initiative
A partnership between the City of Indianapolis and Local Initiatives Support Corporation (LISC), the Neighborhood Brownfield Initiative provides funds for brownfields redevelopment. The program provides grants of up to $10,000 to non-profit organizations to assist with redeveloping brownfield sites into usable properties for business, residences or other community uses.

Brownfields are abandoned or underused properties where redevelopment is complicated by either real or perceived contamination. Brownfields are often former plants, factories, gas stations or other industrial sites.

For more information, visit the City of Indianapolis' Brownfield Redevelopment Web Site.

Technical Assistance Program
The Technical Assistance Program provides small grants on a competitive basis to CDCs to help them partner with and secure commercial real estate expertise for early-stage commercial development activities. The goal is to help neighborhoods retain and attract the services and development partnerships necessary to expedite projects and move them through development stages. It will help identify and further establish partnerships with experienced developers and consultants who are interested in commercial real estate in urban areas by providing seed funds to help encourage these relationships.

For more information, download the Technical Assistance Program Request For Proposals.

Strategic Acquisitions Fund
Established with seed funding from Citizens Gas, the Strategic Acquisitions Fund provides CDCs with a quick and flexible funding source to acquire targeted sites. The fund will empower CDCs to speculatively acquire sites that are ripe for redevelopment.

For more information, download the Strategic Acquisitions Fund Summary.

LISC Seed Funds
LISC offers assistance to community-based organizations through flexible financing, training and technical assistance for predevelopment and construction activities at commercial, industrial, and community facilities.

Click here for more information about LISC Financing Tools for Real Estate Development.