Grant Name: Southside Home Rehabilitation and New Construction Incentive Program (Phase 1)
Donor: City of Paducah, Kentucky
Type: Grant
Deadline: Ongoing
Grant Size: $20,000
Duration: 1 year
Details:
The City of Paducah is offering a grant opportunity for comprehensive home rehabilitation or new construction projects within the defined program area, including sections of the Walter Jetton and Uppertown neighborhoods. The grant provides a reimbursement in the form of a forgivable, 0% interest loan to be applied toward an applicant’s investment in their property secured by a 5-year promissory note and mortgage. The minimum investment threshold for projects is $50,000, with no maximum investment limit. Eligible projects may receive a rebate ranging from 15% to 20% of eligible expenses, with a maximum award amount of $27,000 for those adhering to the 2021 IECC energy standard building codes. Only owner-occupied units are eligible to receive funds. The project must be completed within 1 year of the date listed on the award letter unless an extension is approved. Eligible improvements include structural rehabilitation, energy-saving upgrades, exterior façade upgrades, replacement windows, interior upgrades, construction of additional dwelling units, and new residential construction.
For more information and application details, visit City of Paducah's website.
