The Louisiana Bar Foundation (LBF) offers the Building Capital Development (BCD) Grants Program to support its current grantees in acquiring or renovating office buildings and properties. This initiative aims to enhance the long-term stability and service capacity of organizations dedicated to providing legal assistance and related services within Louisiana.
Grant Details:
Funding Amount: Grants are available up to $50,000, requiring a 50% matching contribution from the grantee.
Eligible Projects:
Acquisition Projects: Funds can be used for purchasing property, including associated planning, architectural, and renovation expenses. These projects may receive support for up to eight years, with a maximum total funding of $400,000.
Renovation Projects: Funds are available for renovating existing properties, with eligibility for up to five years and a maximum total funding of $250,000.
Application Process:
Interested organizations should note that the application deadline is May 31. Applicants must demonstrate how the proposed acquisition or renovation will enhance their operational capabilities and service delivery. It's essential to provide detailed plans and evidence of the required matching funds.
Additional Resources:
Beyond the BCD Grants, Louisiana offers various other funding opportunities to support community development and infrastructure projects:
Community Development Block Grant (CDBG) Program: Managed by the Office of Community Development, this program provides grants to eligible recipients for infrastructure improvements that assist for-profit businesses, aiming to improve the quality of life for Louisiana residents.
Economic Development Grants: These grants focus on infrastructure enhancements that support business growth and economic development within the state.
Organizations seeking to strengthen their infrastructure and service delivery in Louisiana are encouraged to explore these opportunities. For detailed information on eligibility criteria, application guidelines, and deadlines, visit the Louisiana Bar Foundation's official website and the Office of Community Development's resources.
For more information about the Building Capital Development (BCD) Grants in Louisiana please visit: https://raisingthebar.org/building-capital-development/?utm
Disclaimer:
The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive to ensure accuracy, grant programs, eligibility criteria, and deadlines may change. Applicants should verify all details with the Louisiana Bar Foundation, the Office of Community Development, or other relevant agencies before making any decisions. We are not responsible for any errors, omissions, or outcomes resulting from reliance on this information. For official guidance, please refer to the appropriate grant program websites or consult a professional advisor.