Agencies | Governor
Virginia Regulatory Town Hall
Agency
Department of Housing and Community Development
Guidance Document Information
Title Financial Feasibility Grant Manual
Document ID 6085
Summary Financial Feasibility Grants allow Main Street organizations to work with owners of significant “white elephant” buildings or those with non-productive upper floor space. The purpose is to identify the highest and best use of such properties and to develop sufficient information to allow the owner or Main Street organization to “shop” the rehabilitation and reuse of the property to private developers and investors. Feasibility grants generally fund the development of preliminary engineering reports, environmental reports, and market demand studies for an identified highest and best use and gap-financing research for identified properties, though all projects will receive consideration.
Latest Revision 1/1/2017
pdf View document text     Posted On 9/28/2017                 Document on Town Hall

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