Grants The City of Daytona Beach continues to support investment and revitalization in its five redevelopment areas—Ballough Road, Downtown, Main Street, Midtown and South Atlantic— through a variety of grant programs for residential and commercial property owners. In November 2023, a new fiscal year allocation renewed funding for these grants, which are available year-round and typically processed within 10 business days of a completed application. In May 2024, the programs were expanded, with a total of $1,081,662.07 allocated to enhance accessibility and support a wider range of projects. AVAILABLE GRANTS / INCENTIVE PROGRAMS INCLUDE: • Commercial Property Improvement & Professional Design Assistance Program: Matching grant for exterior and interior improvements. Business owners may receive up to $50,000, or 80% of project costs. Loans are forgivable after two years. • Lease Subsidy Grant Program: Matching grant to subsidize up to three months of rent for new or expanding businesses, capped at $1,500 per month. • Historic Preservation Grant (Residential/Commercial): Matching grant for improvements to buildings located within designated historic districts. • Upper Floor Residential Grant: Assists property owners in adding upper-story residential units in commercial buildings. • Landscape Improvement Grant: Provides funding for landscaping enhancements along key corridors to improve aesthetics and curb appeal. • Small Project / Commercial & Business Incentive Grant Program: Supports interior and exterior improvements. Existing businesses may receive up to $15,000, while new or expanding businesses can qualify for up to $20,000. • Residential Facade Grant: Matching grant to assist homeowners to improve the exterior of their homestead property. These grants are part of the city’s broader effort to promote economic development, neighborhood beautification and historical preservation.
BEFORE & AFTER RESIDENTIAL GRANTS <<
2023-2024 CRA Annual Report | 15
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