Business Improvement & Preservation Grant

The City of New Braunfels and the Tax Increment Reinvestment Zone #3 (Downtown TIRZ Board) offers business and property owners a business and preservation grant to support improvements of buildings in Downtown New Braunfels. These projects include façade and other exterior improvements, residential and commercial conversions, and improvements to public infrastructure. These improvement projects are eligible for grant reimbursement if the work takes place within the Downtown TIRZ boundary. Eligible improvements can receive a reimbursement up to 25% of an approved project's cost, based on current funds available. Prior to starting an approved project, applicants must submit a complete application and may be required to meet with the Downtown TIRZ Board to present their projects. Grant applicants are required to demonstrate how their improvement is compatible with the Downtown Implementation Plan, Downtown Action Plan or Downtown TIRZ Project Plan as well a project summary. All grants are a reimbursement with funds dispersed after required invoices and receipts are received, and the project is completed and inspected by City staff. Applicants must receive Downtown TIRZ Board approval and City Council approval, sign an award/agreement letter, and receive a Notice to Proceed BEFORE project work commences for which the application is made. If construction begins before the Notice to Proceed is issued, all grant monies are forfeited and the project is ineligible for reimbursement.