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Posted on: January 4, 2021

FLIP for residences & businesses

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FLIP, or Facades of Louisburg Improvement Program, provides matching funds from the city to assist in facade improvements. New for 2021 is a change in the appraised value of a residential home to $197,750 from $175,000.

Under FLIP Residential provides residents a one-time reimbursement grant of 50% of the project costs. However, the city’s reimbursable amount shall not exceed $500. For example, if your project costs $500 then the reimbursable amount will be $250; a $750 project will award $375 and a $1,000 project will earn you the full $500 allowed.

Eligible projects include concrete work such as a new driveway, stoop or sidewalk or foundation repair, exterior window or door replacement, painting, siding or roofing, landscaping or lighting. The FLIP application provides a detailed list of eligible projects and other guidelines. The program is open to any resident in Louisburg whose home is valued under $197,750. The FLIP application is available on the City’s website. The residential program is open on a first-come, first-served basis until funding is depleted. The City Council set aside $10,000 for the residential program

FLIP Commercial is available to any business located inside the city limits. Improvements to the front facade of the business like exterior painting, brick tucking, window and door replacement, signage and lighting are just a few of the eligible projects. Businesses are eligible for a reimbursement up to 40 percent of the project costs with the City’s reimbursable amount to not exceed $2,500. The business application is also available on the City’s website. A business will also need to complete a W-9 form. Each business application is scored by the Miami County Economic Development staff and the scoring metric is available in the program details and application. The program is open on a first-come, first-served basis and there is $15,000 available to distribute.

The FLIP program began in 2018 as a way to encourage historic downtown businesses and homeowners in the older part of town to make improvements to their storefronts or homes to coincide with the updates to Broadway in the downtown area. The City distributed just over $8,000 to four businesses and five homeowners with just over $61,000 in improvements being made to the applicants’ homes or businesses in the first year. In 2019, the City distributed $5,460 to three commercial projects for total improvements of $15,220 and 19 residential awards totaling $8,762.49 for total projects worth almost $60,000.

Instructions on how to submit an application is located in each packet of information.

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