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The WRA’s grant/loan program will not fund any improvements made prior to a formal vote of the WRA to fund the project (in the case of sign grants) or prior to receiving a loan commitment letter from the WRA (in the case of façade loans). Grants and loans will be distributed on a rolling basis until funds are no longer available.Įligible work includes, but is not limited to, the fabrication and installation of new signage and/or awnings repair of existing signage and/or awnings painting of exterior building facades and trim repointing/cleaning of brick or stone work refurbishment of storefront lighting and replacement of doors and windows. Properties must be located within the Downtown (B-D) Business District (the “District”) and the property owner or business tenant must contribute $1 for every sign grant or façade loan dollar requested. The program will provide matching grants of up to $2,000 for signage improvements and matching loans of up to $15,000 for façade improvements.
#STOREFRONT FACADE SIGNAGE INSTALL#
The main purposes of this program are to improve building facades that are visible to the public and to encourage merchants and commercial property owners in downtown Woburn to install attractive, quality commercial signage in accordance with the City of Woburn’s Sign Ordinance. The program provides funding to property owners and business tenants seeking to renovate their building facades/storefronts or signs. The program is administered by the Woburn Redevelopment Authority (WRA) and funded by the Woburn Development and Financial Corporation. The success of the sign program has prompted the WRA to expand the reach of the program to once again include facades. Over a four-year period, the WRA distributed over $87,000 in grant monies to nearly three dozen business and property owners for sign renovations and replacements. The WRA then funded a grant program targeting improvement of storefront signage. As part of the initial implementation stages of the plan, the WRA, using its own funds, successfully completed a pilot Storefront Improvement Program which renovated four deteriorating downtown facades, including 383, 385, 389-393 and 406 Main Street. One of the more important activities proposed by the Woburn Square Revitalization Plan was the provision of technical and financial assistance to commercial property owners for the renovation of existing, deteriorating facades.