The Anoka Housing & Redevelopment Authority (HRA) can provide business owner and investors in Anoka with the following:
- Grants between $1 to $3.50 per square foot of space for the installation of fire suppression equipment
- Low-interest and deferred loans for interior and exterior renovation
- Technical and financial resources including building evaluation and review of financial tools which are needed to make good business decisions
Purpose: To provide financial and technical assistance to the Central Business District (CBD) owners to encourage installation of fire protection systems and provide for the ability to renovate and use second story and third story spaces in the downtown area.
Fire Suppression Program
Ensuring that buildings have the most current fire protection equipment can benefit property owners/investors in the following ways:
- Protects investment in real estate
- Provides better opportunity for increase future cash flow
- Provides additional opportunities for renovation of second story unusable space
- Enhances resale value of the property
- Provides insurance premium savings and/or discounts
