Financially Distressed Cities, Villages and Townships (FDCVT) Grants

The purpose of the grant program is to provide grants to financially distressed cities, villages, or townships with one or more conditions that indicate probable financial distress. Grant funding is to be used to pay for specific projects or services that move the city, village, or township toward financial stability.

Eligibility requires the applicant to be a Michigan city, village, or township with one or more conditions indicating probable financial distress. Priority will be given to applicants with two or more conditions of probable financial distress, those in which a financial emergency has been declared in the past ten years, those with an approved Deficit Elimination Plan for the General Fund, or those where the General Fund balance has been declining over the past five years and is less than 3% of General Fund Revenues.

Applicants must submit a completed application with detailed information demonstrating how the budgeted costs will lead toward financial stability.