Time Still Left For Village of Homer’s DRI Small Project Fund – Applications Due in April

There is still time for property owners, business owners, non-profits who are in the Village of Homer and are within the Downtown Revitalization Initiative (DRI) target area, to apply for the village’s DRI Small Project Fund. A boundary map can be found on our website.

Applications are due April 15; applications will be accepted until all funds are exhausted. Total funding allocated for disbursement is $450,000.

According to the village, eligible projects include building renovations, minor exterior improvements, small business equipment (permanent fixtures), public art, and soft costs such as architectural, engineering, and environmental.

Those who apply must provide at least a 25% match of the overall project cost. All grants are reimbursable and will only be paid after documentation is submitted and approved that the eligible project was completed.

Homer says eligibility includes commercial and mixed-use properties, who have no outstanding code violations, current on taxes and fees, insured for full replacement value and must be in compliance with village design guidelines.

Any landscaping, parking lot, furnishings, appliances, electronic projects are not eligible for funding.

A 5-year compliance period is required for any approved projects. Those who sell a property early will be responsible in repaying the grant amount awarded. Additional information may be found through the village website, VillageofHomerNY.gov or through the Cortland County Business Development Corporation website, CortlandBusiness.com. Questions may be forwarded to Ashley@CortlandBusiness.com.