PORT TOWNSEND — The application deadline looms for loans of $1,000 to $40,000 for commercial building repairs in Port Townsend’s historic districts.
The deadline for applying for the spring round of federal Housing and Urban Development (HUD) loans through Port Townsend Main Street is 5 p.m. Friday.
The funds can help property owners accomplish historic preservation goals, address seismic concerns or make safety improvements in their buildings.
With these funds, building owners have painted the exterior of their buildings, repaired roofs, fixed staircases, re-pointed brick facades and installed windows and skylights, according to Port Townsend Main Street.
It is available to owners of commercial buildings in Port Townsend’s Downtown and Uptown commercial historic districts.
Some of the projects funded in the past are The Terry Building, The Gallus Rutz Building, Aldrich’s Grocery, US Bank building, the C.F. Clapp building, the Sorge building, the Mary Webster building, the Miller Burkett building, the James and Hastings building, the Bartlett building, the Rose Theatre building, the Green Eyeshade building, the Palace Hotel, the Captain Tibbals building, the Hastings building, the Kuhn building, the Good Templars Hall, the Port Townsend Athletic Club building, the Belmont building and the Abracadabra building.
Loan are for 10-year terms. Interest charges are set at 5 percent, but with early repayment, the interest could be nothing.
The application includes a photo of the building, total budget, timeline for work, two estimates and funding amount requested.
Applications can be downloaded from Main Street’s website at http://ptmainstreet.org/resources/loan-programs/hud-loans/.
Forms also are available at the Main Street office on the second floor of the Mount Baker Block Building, 211 Taylor St., Suite 3.
For more information, contact the Port Townsend Main Street office at 360-385-7911 or email director@ptmainstreet.org.
