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
Overview
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.
Additional Info
Posted Date: April 3, 2023
Application Due Date: Not Specified
Estimated Award Date: Not Specified
Eligible Applicants:
- Unrestricted
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