Loans available to rehab buildings in commercial historic districts

Posted 10/18/16

The Port Townsend Main Street Program’s fall HUD loan application deadline is 5 p.m. on Friday, Oct. 28.

These funds can help property owners accomplish historic preservation goals and safety …

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Loans available to rehab buildings in commercial historic districts

Posted

The Port Townsend Main Street Program’s fall HUD loan application deadline is 5 p.m. on Friday, Oct. 28.

These funds can help property owners accomplish historic preservation goals and safety improvements in their buildings, and are available to commercial buildings in Port Townsend's downtown and Uptown historic districts.

With these funds, building owners have repaired roofs, fixed staircases, painted exteriors, repointed brick facades, installed windows and improved the safety of their buildings.

No retroactive proposals are accepted.

Projects funded in the past include the Terry Building, the Gallus Rutz Building, Aldrich's Grocery, the U.S. Bank building, the C.F. Clapp Building, the Sorge Building, the Mary Webster Building, the Miller Burkett Building, the James and Hastings Building, the Bartlett Building, the Rose Theatre building, the Alaska Power Building, the Green Eyeshade building, the Odd Fellows building, the Palace Hotel, the Captain Tibbals Building, the Hastings Building, the Kuhn Building, the Port Townsend Athletic Club building and the Abracadabra building.

Download the application from

ptmainstreet.org.

To apply, fill out the brief application, and include a photo of the building, total budget, timeline for work, two estimates and funding amount requested.

Forms are also available at the Main Street office in the Mount Baker Block Building, 211 Taylor St., second floor, Suite # 3.

The HUD Loan application deadline is 5 p.m., Oct. 28.

Completed applications must be returned to the Port Townsend Main Street Program office at 211 Taylor Street, # 3, Port Townsend WA 98368 by the deadline.

Loan amounts may be between $1,000 to $40,000 with a 10-year term.

Interest charges are set at 5 percent, but with early repayment, interest could be as low as 0 percent. The Port Townsend Main Street Program has coordinated the HUD Loan Committee since 1986.

Contact the office at 385-7911 or email

director@ptmainstreet.org for more information.