The Revitalization and Placemaking (RAP) Program is an incentive program that will deploy $100 million in American Rescue Plan funding to address the COVID-19 impacts in Michigan communities.
Donor Name: Michigan Economic Development Corporation
State: Michigan
County: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 06/03/2022
Size of the Grant: $5 million
Details:
Administered by the Michigan Economic Development Corporation (“MEDC”) on behalf of the Michigan Strategic Fund (“MSF”), this tool provides access to real estate and place-based infrastructure development gap financing in the form of grants of up to $5 million per project for real estate rehabilitation and development, grants of up to $1 million for public space place-based infrastructure per project, and grants of up to $20 million to local or regional partners who develop a subgrant program.
Goals
- Partner with local Michigan communities to proactively address the negative economic impacts of the pandemic by investing in projects that promote population and tax revenue growth through the revitalization and repurposing of vacant, underutilized, blighted or historic buildings and investment in place-based infrastructure.
- Deploy federal American Rescue Plan funding to support investments that will create the environment necessary to attract and retain talent, add new housing options, enable business creation and attraction and provide resources for Michigan citizens and communities.
- Help local governments avoid budget crises, retain current residents and enhance downtown vitality.
Funding Information
The minimum grant award is $500,000 and the maximum awards are $5 million per project for real estate rehabilitation and development, $1 million per project for public space place-based infrastructure and $20 million for local or regional partner applicants that develop a subgrant program. Requests for subgrant awards must demonstrate local or regional coordination to implement a revitalization strategy.
Eligible Applicants
Eligible applicants are individuals or entities working to rehabilitate vacant, underutilized, blighted and historic structures and the development of permanent place-based infrastructure associated with traditional downtowns, social-zones, outdoor dining and placed-based public spaces. These applicants may include, but are not limited to:
- Non-profits and local economic development organizations;
- Developers; or
- Brownfield Authorities, Downtown Development Authorities, local units of government, local Land Bank Fast Track Authorities2 or other entities approved by the MSF.
For more information, visit Revitalization and Placemaking (RAP) Program.
