Tag Archives: institutional loan fund

City of Buffalo ‘institutional loan fund’ is created for reuse projects downtown – Business – The Buffalo News

Funding that the city has lent through its reuse program includes $750,000 to TM Montante Development for Planing Mill project.Funding that the city has lent through its reuse program includes $750,000 to TM Montante Development for Planing Mill project. Derek Gee/News file photo

The new fund, part of the Buffalo Building Reuse Project, is designed to speed up redevelopment in the city’s downtown core, with a specific focus on residential and mixed-use projects that will put empty and derelict properties back to active use.

The city has already had some public-sector dollars available to lend through the reuse program, such as the $750,000 that it provided to TM Montante Development last year for its Planing Mill conversion on Elm Street. The addition of the banks’ money will allow the city to support nearly three times as many projects per year in downtown Buffalo than was previously available.

via City of Buffalo ‘institutional loan fund’ is created for reuse projects downtown – Business – The Buffalo News.