Lowell Development and Financial Corporation has received $500,000 of CPA Funds for a Historic Preservation Loan Fund. The applicant proposes to use the funds to create a loan fund that will be used to lower interest rates, help developers defer payments, etc. with the goal of offsetting costs for Downtown developers to restore and preserve historic Downtown buildings. The loan fund will be used for both historic preservation Downtown, as well as potentially for Community Housing projects. The applicant is currently seeking an eligibility determination from the Community Preservation Committee.
Project in progress
02-15-2022
Project Category
Project Details
Housing Units
0
0
0
Acres
0
0
0
0
0
0
CPA Funding
$0
$0
$0
$500,000
$0
$500,000
$0
0
$0
Other Funding Sources Leveraged
$0
$0
$0
$0
$0
Total Project Cost
$500,000
$0
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