Privately Funded
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Renovation of a residential development in Quincy, Illinois. Completed plans call for the renovation of a residential development.
As of February 20, 2024, an award has been made. City of Quincy, Illinois Request for Proposals Downtown Rental Rehabilitation Program The City of Quincy is offering Tax Increment Finance (TIF) funding to assist redevelopment proposals for upper-story residential renovation projects that develop market rate rental housing units. Building owners within the downtown TIF Districts with vacant, undeveloped, and outdated upper-story space may submit proposals for TIF funding assistance. City TIF funding will provide zero interest loans for fifty percent of the project cost up to a maximum of $25,000 per rental unit renovated, with the balance of the project cost paid by the owner. Upon project completion and a 5-year compliance review, the TIF loan is forgiven. The City of Quincy reserves the right to waive technicalities and to reject any and all proposals. The City of Quincy reserves the right to accept the most advantageous proposal for the city. The method of Contractor Selection has not been Determined at this time.
Award
Residential Subdivision
$2,000,000.00
Public - City
Renovation
Documents for this project are exclusively Specifications. If Plans become available, we will add them here.
3
Trades Specified
Division 00 - Lorem Ipsum
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May 31, 2024
Multiple Locations, Quincy, IL
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