Michigan Community Revitalization Program (MCRP)

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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


Contact Info: 888-522-0103
Community Development Managers

Overview

The Michigan Community Revitalization Program (MCRP) is an incentive program designed to promote private investment in Michigan communities. The program provides gap financing in the form of performance-based grants, loans, or other economic assistance to encourage the rehabilitation and redevelopment of brownfield and historic preservation sites located in traditional downtowns and high-impact corridors.

Eligible applicants include any individual or entity with a project that fits the program goals. Applicants seeking an MSF incentive of $15,001 or more are subject to a civil and criminal background check.

Eligible projects must be located on eligible property, which includes facilities (contaminated), historic resources, functionally obsolete properties, blighted properties, adjacent/contiguous parcels, urban groceries, or other properties promoting community development. Eligible investments include hard costs such as building alteration/rehabilitation, site improvements, machinery/equipment addition, and certain professional fees.

The application process involves contacting a local community development manager for initial review. If competitive, the applicant submits a pre-application and undergoes a needs analysis. The MEDC may then issue a Letter of Interest, after which the applicant provides a final application package. The MEDC conducts statutory and financial reviews, proposes a financial structure, and presents the project to the Michigan Strategic Fund (MSF) Board for approval.

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Additional Info

Posted Date: April 3, 2023


Application Due Date: Not Specified


Estimated Award Date: Not Specified


Eligible Applicants:

  • Unrestricted
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