Community Impact Program

Home

Groups

Economic Development

Financial Assistance for Large-Scale Rehabilitation and Demolition Projects
Our new program aids Phillips County Homeowners and commercial building owners in rehabilitating their existing residential or commercial property, or in the demolition of no less that two (2) dilapidated residential or commercial structures.

The Demolition component's main objective is to offer funding to assist developers in demolishing hazardous structures and replacing them with new homes or community assets.  Applicants of the Demolition Component must also sign a contract verifying their commitment to one of the following:
1. Each house or commercial building listed for demolition must be replaced by another home, commercial building, or community hub within 2 years of project completion.
2. If the property owner does not plan to rebuild the demolished homes, they must market and sell the properties for home ownership within one year of demo completion.
3. If the commercial property owner does not plan to rebuild the commercial buildings or build a community hub in their place, they must market and sell the properties for commercial use within one year of demo completion.
———
The Rehab component's main objective is to aid homeowners and commercial building owners in maintaining the safety, modernity, and functionality of their properties.
Eligible Rehabilitation upgrades are as follows:
•Structural: Foundations, sagging/rotten beams, joints, and columns; stairs/porches; roofs/chimneys; flooring as it relates to the previously mentioned upgrades; painting/replacement of siding/trim as it relates to structural defects.
•Energy Conservation: Insulation of ceilings and walls; repair/replacement of windows and doors; caulking/weather stripping; removal and installation of new roof covering as it relates to improved energy conservation.
•Modernization: Plumbing and plumbing fixtures; furnace and water heaters; air conditioning; lighting/wiring; repairing of walls, ceilings, and floors as it relates to the previously mentioned upgrades.