Michigan Community Revitalization Program (MCRP)
Key Information
Due Date: Not Specified
Agency: Michigan Economic Development Corporation
Source: Michigan
Website: View Website
Funding Categories:
Funding Amount: Not Specified
Funding Type: Grant, Loan
Match Required: Yes
Status: Posted
Community Development Managers Team
Overview
Applicant Eligibility: Any individual or entity may apply to the MSF for approval of MCRP incentives associated with an eligible project. Applicants seeking an MSF incentive in the amount of $15,001 or more are subject to a civil and criminal background check.
Project Eligibility: Projects must be located on eligible property, which includes facilities (contaminated sites), historic resources, blighted properties, functionally obsolete properties, or adjacent/contiguous parcels. Eligible investments include alteration, new construction, improvement, demolition, site improvements, addition of machinery/equipment, and professional fees for architectural, engineering, or green building certification.
Application Process: The process involves contacting the local community and MEDC community development manager, submitting a pre-application and intake documentation, undergoing a needs analysis, receiving a Letter of Interest (LOI), submitting a final application with due diligence materials, undergoing statutory and financial review, and receiving approval from the Michigan Strategic Fund (MSF) Board. Awards are performance-based and require milestone completion for disbursement.
Additional Info
Posted Date: April 3, 2023
Application Due Date: Not Specified
Estimated Award Date: Not Specified
Eligible Applicants:
- Unrestricted
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