Tioga County Commercial 0% Commercial Facade Improvement Loan Program

By WBNG News

Tioga County Commercial 0% Commercial Facade Improvement Loan Program

May 4, 2013 Updated May 4, 2013 at 3:03 PM EST

(WBNG Binghamton) Tioga County was awarded $250,000 from the Southern Tier Region Economic Development Corporation.

According to a news release:

The program provides 50% of total project cost with a 0% loan to assist in the prevention and elimination of slums and blight and encourages the revitalization of commercial buildings in Tioga County’s commercial “Main Street” centers.

Eligible Use of Proceeds: Exterior facade renovations on design elements that are a structural part of eligible commercial buildings such as doors, windows, exterior refinishing and repairs, removal of non-original facades and rehabilitation of original facades, signage, awnings, attached lighting, decks and back façade along the river.

Application Fee:     $100.00 (non-refundable)

Commitment Fee:     1% of the approved loan amount

Available Financing:     $2,500.00 - $10,000.00

Interest Rate:         0% fixed

Term of Loan:        
Up to 5 years as follows:
$2,500 - $5,000   - 2 years
$5,000 - $7,000   - 3 years
$7,000 - $10,000 - 5 years

Contact for more information/application: 
Teresa Saraceno, Tioga County Economic Development at 607-687-8260.