Community Development Block Grant (CDBG) and HOME funds received annually by the City from the U.S. Department of Housing and Urban Development (HUD) are awarded through an annual competitive application process. Contact: Rena Peck at 503-540-2446
Downtown Loan and Grant Programs - The City of Salem is committed to the revitalization and restoration of the Riverfront-Downtown Urban Renewal Area. To enable creative and flexible approaches to stimulate and finance its vision. The Riverfront Downtown Urban Renewal Area Capital Grant Program was created as a funding option for riverfront-downtown property owners. Loan applications and Grant applications are being accepted. Contact: Sheri Wahrgren at 503-540-2495
Fairview Small Business Pilot Loan Program Applications are being accepted.
The Small Business Loan Program was created to promote job creation and applies to soft and hard costs directly associated with capital improvements to property located in the Fairview Urban Renewal Area specifically related to the approved project. The loan may only be applied to capital expenditures that facilitate traded sector (manufacturing) uses. Urban Renewal funds applied to approved capital improvements cannot be removed from the Fairview Urban Renewal Area for the duration of its useful life. Loan Forgiveness Application Contact: Tory Banford at 503-540-2445
North Gateway - This program was created to encourage business and property owners to improve their store fronts and properties, and contribute to the North Gateway Urban Renewal Area’s revitalization. Funds are available as low-interest loans and matching grants. Loan Applications and Grant Applications are being accepted. Contact: Annie Gorski at 503-540-2480
Site Re-Use and Revitalization Grant Program assists with turning underutilized sites from community blight to community benefit, restoring them to safe, viable properties that contribute to the economic wellbeing of the city. Is there a site in your neighborhood or one that you own that you think would benefit from the EPA funding assistance? Contact: Annie Gorski at 503-540-2480
Special Housing Opportunity Funds - This program assists with all normal and reasonable soft and hard costs directly associated with rehabilitation and restoration, or construction, of a qualified housing project in the downtown core. Call Sheri Wahrgren for fund availability before submitting an application. Contact: Sheri Wahrgren at 503-540-2495
West Salem Redevelopment Grant Program offers grants for permanent interior and exterior building construction to eligible property and business owners located in the West Salem Urban Renewal Area. Contact: Tory Banford at 503-540-2445