Here's just a small sampling of the projects we have taken on over the years.
Downtown Facade Grant Program
Fort Mill’s Facade Improvement Grant ProgramOn September 26, 2016, Fort Mill Town Council adopted a Façade Improvement Grant Program to encourage reinvestment in, and revitalization of, the downtown commercial district. This program provides reimbursable matching grants of up to $5,000 to help offset the cost of exterior improvements to a property owner or tenant’s commercial building. The Façade Improvement Grant Program requires a minimum match equal to, or greater than, the total grant amount. Grants will be awarded on a competitive basis until all available funding for the current fiscal year has been committed. Individuals and business owners who wish to be considered for a grant must complete and submit a formal application.
For developers doing their first historic rehabilitation tax credit deal in Fort Mill there potentially is available property tax incentives that may accompany your historic rehab tax credits. In South Carolina, state law authorizes local tax authorities to adopt, by ordinance, a special assessment for eligible historic rehabilitation properties and low income properties. This little known incentive is known as the “Bailey Bill”. It can lock-in the assessed value on the property at its pre-rehab value for up to 20 years. It could save you hundreds of thousands in property taxes over the life of the special assessment period. This requires preliminary approval for the Bailey Bill from the Town of Fort Mill before you start construction.