Watertown RDA announces Two Revolving Loan Recipients

The Watertown Redevelopment Authority proudly announces the latest recipients of its Downtown Commercial Revolving Loan Program. Budget Print, located at 107 S. 5th Street, and the Deerfield Properties building at 118 N Water Street, have been awarded loans to support significant enhancements to their properties.

The Downtown Commercial Revolving Loan Program is a key initiative designed to stimulate business expansion, create high-quality upper-level residential units, and update historic structures in Watertown’s downtown area. The program offers low-interest financial support for façade beautification, structural repairs, and major mechanical upgrades, including plumbing, electrical, heating, and cooling systems. Additionally, loan funds can offset costs related to design, architectural, or engineering expenses.

Dan Rahfaldt, representing Deerfield Properties, echoed these sentiments: “The RLP fills a hole for funding revitalizing projects and buildings. It allows us to use lower-cost loans on infrastructure in addition to façade and aesthetic-based projects. It is also definitely more affordable, more viable, and preferred to a conventional bank loan.” 

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