Commercial

SEMMCHRA has funds available through the Small Cities Development Program (SCDP) to assist commercial property owners with building rehab projects.  Funds are available in Lake City.

The funds can be used to improve the front façade, increase energy efficiency, improve accessibility, and address code-related issues.

The SCDP commercial loan program is a great way to get improvements done to a property without having to spend a lot out of pocket, while increasing the buildings value!

Lake City Program Guidelines
Eligible Properties Businesses located south of East Chestnut Street, west of South Franklin Street, north of Marion Street, & east of High Street
Project Maximum $40,000 (in SCDP Funds)
Funding Breakdown: 65% 5-Year SCDP Deferred, Forgivable Loan
15% 3%, 5-Year SCDP Low-Interest Loan
20% Owner’s Match (Owner’s Resources or City’s Revolving Loan Fund)
Commercial Rehabilitation Program Application
For more information on available renovation programs contact:

Karen DuCharme
Administrative Development Director

SEMMCHRA
134 East Second Street
Wabasha, MN 55981