Owner Occupancy Incentive Program
Purpose:
This program is intended to increase homeowner occupancy in the Community Redevelopment Agency district (CRA) in order to provide economic support to the downtown businesses. It is designed to attract new residents to targeted areas within the Community Redevelopment district. There will be no income limitations placed on the granting of these funds. Persons currently residing in and claiming homestead exemption in the CRA district are not eligible for this program.
Grantor:
Funding will be granted based on establishment of owner occupancy of the subject property. The grants will be given on a first come first served basis, only after all qualifications have been met.
Property and Funding Limitations:
The property must be located within the CRA District. The residence must be one of the following: an existing multi-family home or office conversion, an existing single family home zoned RB-2, RPB, or currently renter occupied, or a vacant lot permitted by zoning regulations to build a single family infill house. The home must change ownership to a non-family member. Refinancing does not qualify.
Click to Download the Owner Occupancy
Incentive Program Information and Application
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