Buffalo Urban Development Corporation

BUDC is the City of Buffalo's not-for-profit development agency, reclaiming distressed land for future development.

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Buffalo Urban Development Corporation

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BUDC is now Accepting Applications for Downtown Adaptive Reuse Projects

We are now accepting applications for the Buffalo Building Reuse Loan Fund (BBRLF), which provides low interest gap financing for adaptive reuse projects in downtown Buffalo. Eligible projects may receive a maximum of $750,000 in financing for up to 54 months. Projects will be reviewed on a quarterly basis. The deadline for third quarter applications is Friday, December 30, 2016. Click on the link below for application.

Quarter 4 - BBRP Loan RFP.pdf


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Queen City Pop Up Now Accepting Applications for 2016 Holiday Edition

Mayor Byron W. Brown, Buffalo Urban Development Corporation (BUDC), Buffalo Place and Working for Downtown are looking for local small businesses to participate in the 2016 Holiday Edition of Queen City Pop Up, downtown's first pop up retail initiative aimed at growing business along downtown Main Street.  Applications are now available for retailers interested in receiving free storefront space as part of the 2016 Holiday Edition of the Queen City Pop-Up program. See the application below.

Pop Up RFP - Holiday 2016.pdf


 

 


 

Expanded Loan Program to Support More Downtown Development


buffalo building reuse loan programDecember 17, 2015--Mayor Brown, BUDC, and the Buffalo Niagara Partnership have announced the expansion of Buffalo Building Reuse Loan Fund (BBRLF), which provides low interest gap financing to adaptive reuse projects. Local banks have partnered with BUDC, the City of Buffalo and the Buffalo Niagara Partnership to triple the loan fund's capability to support downtown projects. Thanks to the contributions of M&T Bank, First Niagara, Key Bank Evans Bank, HSBC and the New York Business Development Corporation, the fund will be able to administer around 6-10 loans per year of up to $750,00 for a maximum 54 months. 
 

To read more about the BBRLF announcement, click here:


Mayor Brown, BUDC Release 2016 Downtown Development Guide


Identifying downtown Buffalo development opportunities is even easier with the release of a new guide that provides investors with a profile of downtown's greatest assets and a listing of available tools and incentives. The guide also identifies over 20 unique parcels ready for redevelopment. 

Sponsored by National Grid, the guide is the result of a collaborative partnership between Mayor Byron W. Brown, Chairman of the Buffalo Urban Development Corporation, Buffalo Niagara Partnership, Buffalo Niagara Enterprise, CBRE Buffalo, and Buffalo Place. 

To view a press release about the guide's debut, click here.

To download the guide, click here.

 

 


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