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Albion DTR committee plans second round of applications

With a limited amount of additional funds to allocate for downtown business improvements, Albion’s Downtown Revitalization (DTR) Advisory Committee decided last week there will be a second round of project applications.
Applications for the first round of downtown building facade improvements were approved last May. At that time, 40 projects were approved forgiveable loan funding.
Some business owners did not proceed with improvement plans under the requirements, and therefore the limited additional funds became available.
At a meeting Thursday, Feb. 7, the DTR Advisory Committee decided to accept new applications from downtown business for facade improvement work that will improve visual impact, help to preserve existing buildings or help to restore historic buildings.
Applications can come from businesses that participated in the first round of grant applications, as well as those that did not participate in the first round.
The grant funds are only available to businesses within the designated downtown district of Albion, which is the triangular-shaped area bordered by Sixth Street on the west, State Street on the south, and the railroad right-of-way on the northeast side.
The second round of grant applications starts today, Wednesday, Feb. 13, and continues through March 29, 2019.
Application packets will be available from at the Boone County Development Agency office, 222 South Fourth Street, or online at boone-county.org. For additional information, contact Jan Merrill, community planner with Northeast Nebraska Economic Development District, at 402-379-1105.
Once the applications are received, the committee will meet to score the applications and determine which projects can be funded.
The original DTR funding came from a $350,000 Community Development Block Grant and $107,450 in local matching funds provided by the Albion Economic Development Corp.