Revitalization and Placemaking Program (RAP) - Real Estate Rehabilitation and Development Grants

The Revitalization and Placemaking (RAP) Program partners with local communities to proactively address revitalization needs by investing in projects that promote population and tax revenue growth. The Real Estate Rehabilitation and Development grants provide access to development gap financing for individuals or entities working to rehabilitate vacant, underutilized, blighted, and historic structures. Eligible projects must qualify as Previously Developed Property and be located in or contributing to a traditional downtown, central business district, neighborhood commercial node, or adjacent walkable neighborhood. Applicants must demonstrate financial viability, financial need for the incentive award, and that all other financing sources have been exhausted. Submissions must include a letter of support from the local or regional economic development organization and the highest municipal local official. Applications for real estate redevelopment projects are accepted on a rolling basis as funds are available. Interested applicants must contact their region's Community Development Manager to inquire about applying.