Riverfront Downtown Capital Improvement Grant Program

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​​The Riverfront Downtown Urban Renewal Area Capital Improvement Grant Program is a financial incentive opportunity for property owners to support creative and flexible approaches to economic vibrancy.

Requirements

To be eligible for a small or large project grant, all projects must meet at least one of the following Strategic Action Plan Objectives.

Objectives

  • New construction
  • Mixed-use, including housing
  • Alley improvements
  • Historic preservation projects that require Historic Landmarks Review
  • Expansion of existing business, retention or recruitment of a new business that results in creating new jobs
  • Upper floor renovation - improvements that make current space which is not leased, ready for tenants to occupy
  • Exterior beautification projects

* Grant funding is contingent upon available funds. Additional terms may apply and terms are subject to change.

Small Project Grant

​Total Project Cost​Grant Amount
​$10,000 - $100,000​50% of Eligible Costs

Large Project Grant

​Total Project Cost​Grant Amount
​$100,001 - $300,000​$50,000 + 25% of eligible project cost over $100,000
​$300,001 - $600,000​$100,000 + 20% of eligible project cost over $300,000
​$600,001 +

​$160,000 + 15% of eligible project cost over $600,000

Maximum Grant $300,000

​Overview information

Riverfront Downtown Urban Renewal Plan1651 KB
Riverfront Downtown Urban Renewal Area Overview423 KB

​Grant documents

Riverfront Downtown Capital Improvement Grant Program148 KB
Riverfront Downtown Capital Grant Application1129 KB

​Eligible Recipients

  • Property owners who show fee title
  • Tax-exempt property is not eligible

Eligible Property

  • Property must be located within the Riverfront-Downtown Urban Renewal Area
  • Properties that are 100% residential are excluded

Eligible Activities

  • HVAC
  • Plumbing
  • Storefronts
  • Sprinklers
  • Electrical
  • Elevators
  • Alley improvements
  • Seismic
  • Skylights
  • Murals
  • Windows

​Additional information

Contact us

Sheri WahrgrenDowntown Revitalization Manager
Mailing address:
350 Commercial St NE
Salem OR 97301
TTY/TDD: 
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