The Beaufort Redevelopment Incentive Program, formerly the Beaufort
2003 Program, was established in 1998 as an incentive for downtown
development, redevelopment of older commercial corridors, and to
encourage new forms of residential development. Development incentives in
the form of a rebate of City taxes (generally three years worth) are available
for the following activities:

• Purchase and occupancy of a commercial building anywhere in the
City which has been vacant for over a year. (These projects are
eligible for a rebate of five years worth of City taxes.)

• New construction or substantial renovations to existing structures in
the downtown area.

• Development of residential units above first floor commercial uses in
the downtown area. (The reimbursement payment for these projects is
doubled.)

• New construction or rehabilitation of structures for the purpose of
providing housing to students enrolled full or part-time at the
University of South Carolina Beaufort or the Technical College of the
Lowcountry.

• Development of an accessory dwelling unit (i.e., “guest cottage” or
“mother-in-law apartment”).

• New construction on vacant lots in the U.S. Highway 21/Boundary
Street Corridor.

• Substantial renovations or improvement of property in the U.S.
Highway 21/Boundary Street Corridor.

• Rehabilitation of vacant, abandoned structures located in the Historic
District.

For more information, call the City of Beaufort Department of Planning and
Development Services at (843) 525-7011.

For a printable summary click here.

For the Program Description click here.