Riverfront Downtown Capital Improvement Grant Program

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To enable creative and flexible approaches to stimulate and finance its vision, the Riverfront Downtown Urban Renewal Area Capital Improvement Grant Program was created as a funding option for eligible property owners.

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:

  • 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

* All grant funding is contingent upon available funds and cannot fund project costs incurred prior to grant approval. 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

McGilchrist building exterior

© 2014 Ron Cooper

​Overview information

Riverfront Downtown Urban Renewal Plan2056 KB
Riverfront Downtown Urban Renewal Area Overview423 KB

​Grant documents

Riverfront Downtown Capital Improvement Grant Program155 KB
Riverfront Downtown Capital Grant Application1129 KB

​Eligibility

  • Property owners who show fee title
  • Tax-exempt properties are not eligible
  • Property must be located within the Riverfront-Downtown Urban Renewal Area
  • Properties that are 100% residential are excluded

Examples of eligible activities (conditions apply)

  • Plumbing
  • Storefronts
  • Fire sprinklers
  • Electrical
  • Elevators
  • Alley improvements
  • Seismic
  • Skylights
  • Windows

Roof work is not grant eligible.

​Additional information

Contact us

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