The Redevelopment Grant Program helps communities with the costs of redeveloping blighted industrial, residential, or commercial sites and putting land back into productive use.
Donor Name: Minnesota Department of Employment and Economic Development
State: Minnesota
County: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 08/01/2022
Details:
Grants can assist with the cost of public land acquisition (if public ownership is necessary to facilitate redevelopment), building and site demolition, infrastructure improvements, soil stabilization, ponding or other environmental infrastructure, and costs necessary for the adaptive reuse of buildings, such as asbestos abatement and lead paint mitigation. Grants do no provide assistance for building construction, renovation, or rehabilitation.
Priority
Priority is given to projects with one or more of the following characteristics:
- Contamination remediation needs in conjunction with a redevelopment project
- Project meets current tax increment financing requirements for a redevelopment district and tax increments will contribute to the project
- Redevelopment potential within the municipality
- Proximity to public transit if located in the metropolitan area
- Multi-jurisdictional projects that take into account the need for affordable housing, transportation, and environmental impact
- Advances or promotes the Green Economy
Redeveloping sites with a past use produces significant public benefits including:
- Short- and long-term job creation
- Revitalization of tax base/tax revenue
- Local economic growth and investment
- Efficient use of existing infrastructure
- Neighborhood revitalization
- Property value increases
- Reduced sprawl
- Decreased crime
Criteria
Eligible applicants are cities, counties, port authorities, housing and redevelopment authorities, and economic development authorities.
For more information, visit Redevelopment Grant Program.
