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

Buffalo Lakeside Commerce Park
Northland Corridor
Downtown Development

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 first quarter applications is Friday, March 31, 2017. Click on the link below for application.

Quarter 1 - BBRP Loan RFP.pdf



The City of Buffalo and Buffalo Urban Development Corporation are hereby providing Notice of Intent to nominate the South Buffalo BOA in the Brownfield Opportunity Areas (BOA) Program to the New York State, Department of State for official designation.  Successful designation of the South Buffalo BOA will make available additional Brownfield Tax Credits for eligible projects, and give project grant or financing applications priority and preference from state, federal and local agencies as allowed by law.  Copies of the BOA Nomination document are available for review through this link: South Buffalo BOA Designation Document

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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