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City of South Bend and St. Joseph County Historic Preservation Guidelines 78 <br />For More Information: Financial Incentives For HIstoric Building Owners <br />Grant for commercially used property <br />The state of Indiana offers the Historic Renovation Grant program through the State’s Office of Community and Rural Affairs. The program is a downtown economic development incentive that provides grant money to owners rehabilitating a historic building . <br />To qualify: <br />• The building must be at least 50 years old and listed in the State or National Register of Historic Places . <br />• The building must be actively used and income producing . <br />• The renovation must follow the Secretary of the Interior’s <br />Standards for Rehabilitation . <br />Once a year, OCRA awards grants up to $100,000, limited to 50 percent of eligible project costs (exterior only), with proof required for the 50 percent match . The process requires submission of a letter of intent, followed by a formal application . Find out more information here . <br />Return to the Table of Contents <br />DRAFT