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Invest Hagerstown program helps 58 homebuyers in FY25; city clears subrecipient agreements for three Main Street startup grants
Summary
City staff reported Invest Hagerstown assisted 58 homeowners with $435,000 in grants this fiscal year and told the council it will authorize subrecipient agreements for three state-funded Project Restore/Main Street startup grants to bring new businesses downtown.
City staff updated the mayor and council on April 15 about two economic-development programs: Invest Hagerstown and a state-funded Main Street startup grant program tied to Project Restore.
Amanda Gregg reported that Invest Hagerstown assisted 58 homebuyers this fiscal year with about $435,000 in grant awards; 46 of those buyers were first-time homebuyers and 40 buyers moved into Hagerstown from outside the city. Gregg said the program's typical annual activity is closer to 20 to 22 households, funded from property-tax-supported dollars in the Invest…
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