If you are a property owner within Laurel’s Downtown Development District, save this date: Tuesday, September 26. The Town of Laurel is sponsoring a DDD Workshop at the Laurel Public Library. The session will be 5:30 to 7:30 p.m.
The Downtown Development District offers an array of incentives to businesses and homeowners to encourage them to rehabilitate their properties, or build something new on vacant land. The incentives include state grants, property tax abatement, sewer/water impact fee reductions for new hookups, state historic property tax credits, energy efficiency rebates, façade improvement assistance, and more.
“Property owners within Laurel’s Downtown Development District have a great opportunity to fix up their homes and businesses,” said Jamie Smith, Town Manager. “This workshop will provide them with resources on all the available incentives and financing. They will be able to ask questions about their own properties and projects.”
Partners joining the town to explain their programs will include Delaware State Housing Authority (DDD rebates), US Department of Agriculture Rural Development (grants and loans), Energize Delaware (energy efficiency rebates), Historical and Cultural Affairs (historic tax credit), Laurel Redevelopment Corporation (discount on vacant land sales), First State Community Loan Fund (financing), and others.
After the presentations, participants will have the opportunity to ask questions and meet one on one to discuss specific projects. Realtors, non-residents and other interested parties also will be welcome.
This workshop will be geared toward smaller projects of $15,000 to $250,000. The cost is free, and registration will be available soon.