Funding for your Historic Building
Why is historic preservation an important focus for downtown Elkin?
Our board believes in preserving and protecting the integrity of historic structures for years to come. If your building is listed on our register and is a contributing building, you could be eligible for historic tax credits when renovation or restoring your property. To learn more, contact the State Historic Preservation Office (SHPO) if you are interested in applying. Our regional contact for Elkin (in Raleigh) is Brett Sturm at 919-814-6589.
If you are considering a renovation of your historic property, please contact us locally at Elkin Town Hall for assistance at 336-258-8908. There are also numerous links on this page with further restoration and tax credit information on the state and local level. Below are other opportunities for funding that your historic building may qualify for besides historic tax credits.
National Park Service Main Street Facade Improvement Grant Program (Federal Funding)Elkin was recently notified that they (along with two other NC Main Street Communities in North Carolina) have been awarded a facade grant program through the Main Street America Program, funded by the National Park Service for historic buildings listed on their National Register that are contributing buildings. Your building must be contributing, or eligible to be added as a contributing building prior to the completion of your project. Rehabilitation of historic facades must comply with historic preservation standards (see below) in order to qualify for this grant.
If you have a building in poor condition with a project ready to begin and are interested in applying for this grant (which can provide anywhere from $5,000.00 to $25,000.00 in grant money for your facade), please contact Laura Gaylord, Main Street & Community Manager at email@example.com. The applications will be accepted, starting in April 2020.
Main Street America Program funds (State funding)
NC Main Street Center offers partial funding towards restorative improvements of historic buildings if the building and project qualify for preservation or restoration standards.
Main Street Solutions Fund
Buildings that are currently not in use, are in need of structural or infrastructure upgrades, are a contributing building on the historic register within the Municipal Service District, and whose future use will provide at least 4 full-time jobs, qualify for this fund. The fund amount is based on the number of full-time jobs created by the new business that will open within the renovated building once the project is complete. Each new full-time job that is created awards the investor with $25,000, with a cap of $100,000.* To learn more, visit https://www.nccommerce.com/grants-incentives/downtown-development-funds
At this time, the State does not offer this fund in its budget.
Main Street Advisory Board grants (Local funding)
Building ownership in the downtown, within the Municipal Tax District (MSD), has some wonderful benefits. Although the MSD is a small tax collected from the building owners in the district each year, the funds are reinvested by the Main Street Advisory Board towards improvements that benefit the downtown as a whole.
This year, the board will offer grants for Economic Vitality and for Public Art.
If interested in updating the exterior facade of your building or making some qualifying interior improvements on empty buildings, you may apply for an economic vitality grant through the Main Street Advisory Board. Limited funding for matching grants is available for preservation and beautification of hardship buildings, to include painting, repairing rotted window sills or doors/doorways, general repair work, the addition of awnings, safety/code updates, etc. The board is also interested in promoting upper-level development projects in buildings with empty, underutilized 2nd floors, to help promote the longevity of the historic buildings. Some costs involved with adding apartments to upper levels can be included in this grant funding, such as fire suppression materials, sprinkler systems, and exterior fire escapes.
If you need a design or color recommendation for your building's facade, the Main Street Program offers a free design service as well. They also provide (on a quarterly basis) the opportunity for upper-level apartment design plans, also at no charge. Contact Laura Gaylord to learn more.
For the 2019/2020 fiscal year, the Board is offering grants for downtown building upgrades. The Board will match 1:3 up to $3000.00 (or less, based on the remaining budget) towards building improvements. Rehabilitation of historic buildings must comply with historic preservation standards (see below). Applications must be submitted preferably by February 2020, projects must be completed to the MSAB's satisfaction, and reimbursement paperwork must be submitted by June 1, 2020. Extensions may be considered by the board if addressed prior to May 1, 2020.
Please note: If you are considering changing the footprint of your historic facade, we advise you not to do so. Changing your footprint or destroying the historic structure of your contributing building (to anything that is not approved by SHPO) can change your historic building's status from contributing to non-contributing status and will permanently remove any chance of obtaining tax credits for you or future buyers. Please consult with the Main Street Manager prior to any changes or renovations of your building.
The Main Street Advisory Board is encouraging creativity in the arts and entertainment district of downtown Elkin, with the installation of one mural and one public art display:
- 1 - Up to $1000.00 matching grant for any downtown mural approved by the MSD;
- 1 - Up to $1000.00 matching grant for any downtown public art 3D sculpture or medium other than a wall mural.
Download the application for the historic economic vitality/ facade grants here:
Download the application for public art/ mural grants here:
Application for public art / mural grant
Rehabilitation of Historic Buildings
- The National Park Service Standards for Rehabilitation and illustrated guidelines
Historic Tax Credit Information for Historic Buildings
Information on Historic Preservation & Rehabilitation of your Historic Building:
Introduction to the Standards
New to Historic Tax Credits? Read this link first!
Current Historic Tax Credit information by Preservation NC
Historic Preservation Advice for:
Window Replacement/Restoration Preservation NC
Historic Window Energy Efficiency
The Town of Elkin is working together with the NC Rural Center to offer micro loans to small businesses located in Elkin. The program is called Energizing Elkin Entrepreneurs (also known as "E3"). The first round specifically focuses on downtown businesses, however if you are a business in Elkin outside of the downtown area, please let us know if you are interested.
Leslie Schlender (Economic Development Director) at 336-258-8907
Laura Gaylord (Main Street and Community Manager) at 336-258-8908