COLDWATER, MI (WTVB) – Three projects in the downtown area have been awarded rebate checks by the Coldwater Downtown Development Authority from the D.D.A.’s Building Improvement Program fund.
The fund includes a rebate program provided by the D.D.A. and a low interest loan pool offered in partnership with Southern Michigan Bank & Trust, and Century Bank and Trust.
Main Street Director and Economic Development Coordinator Audrey Tappenden says the three projects have generated a total investment of over $32,000.
Donner Properties LLC received $1,500 towards exterior improvements at 44 North Hanchett Street which included updated siding and windows.
Hope Café/The Chameleon received $2,346 towards signage and gooseneck lighting at its new and expanded location on West Chicago Street.
49 West Chicago LLC received $5,000 towards replacing all storefront windows and framing.
In addition to the exterior improvements made by each recipient, one new housing unit was created at the property on Hanchett Street, and investments made at 49 West Chicago Street represent a new business in the downtown.
The DDA’s Building Improvement Program fund is designed in part to stimulate façade improvements as well as the renovation of downtown buildings. The fund also supports critical maintenance activities.
Tappenden says the rebate program has disbursed over $68,000 to downtown projects since it was reinstated 2019, resulting in over $2.6 million of private investment.
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