Covington Economic Development Program Guidelines

Description

The Covington Economic Development Program is designed to provide financing for economic development projects that align with the City’s goals and the HUD 5-Year Consolidated Plan. Up to one million dollars will be awarded over five years in either grants or loans for development related improvements. Types of improvements include upper floor residential rehab improvements; development gap financing; and facade improvements

Existing and new property owners and developers whose project has an identified development gap, creates quality jobs, is catalytic in nature, improves the site, and includes an experienced team with a proven track record are eligible.

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