The purpose of the Downtown Retail Opportunity Program is to provide an incentive to property owners to encourage renovation and rehabilitation of commercial buildings in Downtown Brownwood that are not currently occupiable for retail use. Funding for the program is provided by the Brownwood Municipal Development District (BMDD). This program aims to improve the aesthetics within the City of Brownwood since attractive and updated commercial buildings positively impact the marketability and perception of the city. Thus, the Building Improvement Program consists of a one-dollar to one-dollar match of up to $25,000.00 for approved improvements. Incentives will be awarded for commercial building improvements that restore, rehabilitate, enhance, or beautify a structure. The program does not include residential housing of any kind whether owned or rented.
The program will be administered by the Brownwood MDD. An application form is to be submitted with a description of the work to be completed. Applications will be reviewed by the BMDD Board of Directors. Funding of projects is totally at the discretion of the BMDD Board of Directors.