Deadline: 30-Jul-21
The Erie County Gaming Revenue Authority is inviting applications for its Anchor Building Grant Program, an adaptive re-use funding program. The program provides resources to enable 501 (c)(3) non-profits, municipalities, and municipal authorities to strengthen a community, neighborhood, or commercial district by redeveloping, enhancing, and preserving an underutilized or vacant building that has the potential to serve as a catalyst for greater investment and commercial or social activity.
Anchor buildings are most often historic buildings located in the heart of the community, and possess intrinsic historical, architectural, and/or cultural qualities that make places special or unique. Similarly, these buildings can be adaptively re-used due to the quality of original construction, location, and/or suitability for new uses. Unfortunately, communities find that these older buildings are difficult to re-use due to construction costs relative to modern building code requirements, lack of financial resources, or low appraisal values.
ECGRA funding can serve as a vital part of the financing structure to bridge the gap, boost the real estate market, assist in developing equity, and enhance the quality of place.
Impact Area: Neighborhoods and Communities. To reinvigorate neighborhoods and man corridors, boost buy local efforts, and combat blight.
- To adaptively re-use historic, cultural, and socially significant buildings
- To leverage private investment and create jobs
- To support small businesses and enhance the local tax base
- To bridge the funding gap common with older building re-use
- A funding bucket of $400,000
- A maximum request of $100,000 per application
- A minimum request of $25,000 per application
- A 1:1 cash match is required
- Applicant is an IRS-designated 501(c)(3), municipality, or a municipal authority
- Applicant’s headquarters is located in Erie County
- Applicant is in good standing with the IRS and state and local taxing bodies
- Applicant is in good standing with ECGRA’s reporting requirements to date
- Applicant must be current in payment of real estate taxes
For more information, visit https://www.ecgra.org/impact-neighborhoods-communities/anchor-building-program