Washington, DC – U.S. Senator Tim Johnson (D-SD) announced today that Martin will receive a $977,500 federal grant as part of the Department of Housing and Urban Development’s (HUD) Hope VI Main Street Program. The funding will be used to renovate the unused Gambles Building to create more affordable housing and business space in the community.
”I am pleased that Martin will receive funding to renovate this building and spur economic development,” Johnson said. “This grant will provide commercial space for businesses in the community and make more affordable rental housing available for Martin residents.”
The Martin Main Street Area Rejuvenation plan will renovate the Gambles Building, which has not been used in 15 years. The plan aims to construct four affordable housing units on the second floor of the building and renovate the first floor with 12 rooms, which will provide businesses, community organizations and local government agencies with inexpensive rental space.
The HUD Hope VI Main Street Program seeks to retain the historic character of buildings while repurposing buildings to rejuvenate downtown business districts across the country.