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Find similar grantsPlace-Based Enhancement Program (PBEP) is sponsored by City of Austin Economic Development Department. A Chapter 380 place-based incentive program designed to support commercial affordability and economic vitality in targeted Austin neighborhoods.
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Place-Based Enhancement Program | Austin Economic Development | AustinTexas. gov Austin Economic Development Place-Based Enhancement Program Place-Based Enhancement Program The Place-Based Enhancement Program (PBEP) is a real estate development program aimed at providing commercial affordability relief focused on our local small businesses, legacy businesses, non-profits, cooperatives, and those in the creative sector.
The PBEP is a pay-for-performance program that pays out annually to approved projects that meet annual compliance. Category 1 : Affordable Space Affordable Space seeks to connect developers with incentives to provide affordable, long-term leases to high priority community benefit targets. Project is new construction, expansion, tenant improvements, or redevelopment of mixed-use or commercial real estate.
Project has a minimum investment of $2 million for new construction. Project leverages City Incentive at a minimum 1:2 ratio Project is in a Target Area. Project provides affordable real estate to Community Benefit Targets Category 2 : Community Impact Community Impact seeks to provide incentives to assist in the establishment of stand-alone facilities of Community Benefit Target projects.
Project is new construction, expansion, tenant improvements, or redevelopment of a stand-alone facility. Project is in a Target Area. Project supports the development of a Community Benefit Target business.
Category 3 : Cultural Preservation - Actively Accepting Applications Cultural Preservation seeks to support retention and enhancement of music venues, creative spaces, and legacy businesses to enhance operational resilience and mitigate long-term displacement pressures. The business is located in Austin or has been displaced within the past ten (10) years. For Music Venues: Venue must have a site capacity under 5,000.
For Legacy Businesses, Cooperatives, Non-Profits: Business must be in operation for at least twenty (20) years within Austin city limits; or ten (10) years within a recognized Economic and Cultural District. For Legacy Businesses, Cooperatives, Non-Profits: Business must be locally owned and not part of franchises.
Category 4 : Transformative Infrastructure The Transformative Infrastructure category seeks to support infrastructure elements that further the transformational achievement of an adopted community plan or development tied to Council resolution. Project must be associated with a site-specific adopted community plan or development tied to Council resolution.
Project is new construction, expansion, tenant improvements, or redevelopment of mixed-use or commercial real estate. Project leverages City Incentive at a minimum 1:2 ratio For a full list of minimum requirements/eligibilities for all categories, please see the Place-Based Enhancement Guidelines .
Category Property and Sales Tax Reimbursement Category 1, 2, 4 Up to 100% reimbursement of eligible property and/or sales taxes on new real property improvements Category 3 Up to 100% reimbursement of eligible property and/or sales taxes of the project site Interested in learning more about the Place-Based Enhacement Program? Place-Based Enhancement Program Guidelines Place-Based Enhancement Program Guidelines
According to the current listing, eligibility includes: Businesses operating in designated Austin neighborhoods facing displacement or affordability pressures, including local small businesses, legacy businesses, non-profits, cooperatives, and those in the creative sector. Confirm the full requirements in the official notice before applying.
Place-Based Enhancement Program (PBEP) is funded by City of Austin Economic Development Department. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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