Downtown housing from unused commercial space

Most small towns have unused commercial space in their downtown, especially upstairs. The HOPE IV Main Street program makes grants to convert some of that unused space into affordable housing units.

The purpose of the HOPE VI Main Street program is to provide grants to small communities to assist in the rejuvenation of an historic or traditional central business district or “Main Street” area by replacing unused commercial space in buildings with affordable housing units.
The objectives of the program are to:

• Redevelop Main Street areas; 
• Preserve historic or traditional architecture or design features in Main Street areas; 
• Enhance economic development efforts in Main Street areas; and 
• Provide affordable housing in Main Street areas.

Get more information on HOPE VI from Grants.gov or at HUD.

Deadline: March 3, 2010.