The City of Killeen is offering façade grants for eligible rehab projects located in the downtown Historic Overlay District. The grant is structured on a 4:1 basis (80% City / 20% Owner) whereas the City contributes 80% of project costs and the property owner contributes 20% of funds toward façade, roof, and/or sign improvements ultimately achieving a “new face” for downtown Killeen. These grants are available for up to $10,000 per façade with a maximum subsidy of $20,000 per property owner in any given year.
Need dollars to buy a new sign or improve your existing sign? Sign grants are now available! Any commercial property within the Historic Overlay District is eligible for sign grant funds. The Historic District Sign Grant Program is designed to encourage unique, quality signs in Killeen’s historic business district. The grant is a single payment reimbursement to property owners and tenants per building on a 50/50 matching basis with a cap of $800 per grant.
The State Economic and Tourism department identifies Killeen’s downtown area as a designated state enterprise zone. The Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and significant private investment that will assist economically distressed areas of the state. Approved projects are eligible to apply for state sales and use tax refunds on qualified expenditures.