Redevelopment Technical Assistance Program

The City of Buchanan Redevelopment Technical Assistance Program is designed to provide financial assistance to property owners and developers who are making significant, catalytic investments in the City of Buchanan. The Program targets strategic redevelopment properties in the city and seeks to assist in the funding of technical due diligence on properties. The goal of the program is to help the investor overcome redevelopment obstacles that will lead to implementation and/or to make available other funding options/programs to the investor. Forgivable loans are provided to property owners or commercial tenants in recognition of the positive impact that individual building improvements can have on the overall appearance, quality, and vitality of downtown Buchanan. This program is designed to drive small business growth and job creation in the downtown core of the city. However, the program may also be available to applicants outside of the Central Business District C3 in cases where the applicant can show that eligible improvements provide significant added value investment that positively impacts the community.  

Funding for qualified applicants will be considered on a case-by-case basis and only as funding is available. Eligible projects will be approved by the City Commission.  

As per discretion of the City Commission, City Manager, and Community Development Director, there may be instances as part of this program where it is deemed that a significant redevelopment project will have a large positive impact on the entire community in terms of job creation, building the tax base. In these cases, the City of Buchanan may directly engage a consultant to perform technical services on behalf of the property owner/developer in order to remove redevelopment obstacles and facilitate implementation.  

Please see the attached form for more information and the application.