Changes could soon be implemented for Plano’s Great Update Rebate program, which provides a grant to homeowners renovating their residences.
Plano City Council received the update from staff, which included a higher maximum grant amount and updated rebate percentages, during its preliminary open meeting May 13.
What you need to know
Staff is continuing to work through feedback to the proposed changes, which would be the first to the program since 2017, according to city documents. New criteria of the program could include:
- Requiring the home be at least 30 years old
- A home cannot have an appraisal value higher than $478,975
- The minimum home improvement project must cost at least $20,000
- The maximum rebate is $6,500
- Homeowners 62 years old and older could receive a 30% rebate up to the cap for exterior and interior projects, while homeowners 62 years old and younger could receive a 25% rebate for exterior improvements and 15% for interior improvements
