For Businesses
Real Property Tax Abatement
FIDA
We help developers manage their incremental tax payments for construction or rehabilitation projects.
Sales, Mortgage and Use Tax Exemption
FIDA
We can help lower costs by providing tax exemptions for construction, project financing, renovation or equipping an eligible project.
Commercial Loans
FLDC & FURA
Low interest loans are available for the acquisition, renovation or expansion of real property and the purchase of equipment.
Sign & Facade Grant Program
FLDC
This is an incentive program to help owners of commercial properties or business owners to make sign, façade and frontage improvements that enhance the attractiveness of their properties.
Bond Issuance
FLDC
Tax-exempt bonds to construct and equip facilities for not-for-profits can reduce the cost of financing.
Community Support & Sponsorships
FLDC
Financial assistance for projects that improve accessibility, embrace public art, or create village events.
Commercial Residential/Mixed-Use Program
FURA
Financial assistance is available through additional FURA programs. Contact us to learn more about what your project could qualify for.
Use of Property
FIDA
To request permission to use OCED owned property for your event.
For Residents
Home Loan Programs
FURA
The objectives of the program are to improve the housing conditions of families, revitalize neighborhoods, reduce operating costs and energy consumption, correct code violations and improve accessibility for the handicapped and elderly.
Front Porch Grant Program
FURA
This program encourages exterior preservation, restoration, rehabilitation or construction of front porches, which are compatible with traditional style and details appropriate to the original home.
Senior/Disabled Homeowner Programs
FURA
The Fairport URA awards grants to income-eligible seniors and homeowners with disabilities for essential and/or safety-related home improvements or repairs. To qualify, owner-occupied properties must be located in the Village of Fairport.
Section 8 Housing Program
FURA
The Village of Fairport is contracted with the Fairport Urban Renewal Agency to administer the Section 8 Program, which is designed to promote decent, safe and affordable housing, create economic opportunities and a stable living environment without discrimination for tenants in eastern and southeastern Monroe County.
Success Stories
The long-vacant 62,000 square-foot former can factory and 42,000 square-foot industrial building that dominated the north side of the village were impediments to the revitalization of Fairport.
What began as a simple façade improvement project in 2004, resulted in the demolition of 2 buildings and the construction of what has become a signature project in the heart of the Village. The Fairport Urban Renewal Agency supported this project with a $300,000 low-interest loan and a façade grant. The total project cost was $1,200,000.
Iron Smoke Whiskey, founded in 2011, is a small-batch craft distillery. Enjoying success, the distillery needed a larger location. Working with Fairport Local Development Corporation, a suitable site was identified, and Iron Smoke relocated to the Fairport location in 2014. The project was assisted with a low-interest loan for renovations, build-out costs, fixtures, and equipment. The total project cost was $850,000.
Developed through Urban Renewal programs in the 1970’s, the 120,000 square foot Fairport Landing shopping center had served as a key component of the Village’s commercial corridor. Due to shifting retail trends and lack of investment, the property was experiencing significant vacancy.