Residential Economic Development District Program (REDD)

The Residential Economic Development District Grants (REDD) Program provides funding for counties, townships, and municipal corporations located with in 20 miles of a “major economic development project”.

Major Economic Development Project – a project that is reasonably expected to create, retain, and attract jobs or otherwise improve the economic well-being of the area surrounding the project site, which meets either standard:

• The project is reasonably expected to create at least 700 new, permanent jobs, or
• At least $700,000,000 in private investments are commited to estabilsh, expand, renovate, or occupy a facility as part of a single project at a designated project site, including investment in new buildings, additions or improvement to existing buildings, machinery, equipment, furniture, fixtures, and inventory.

Major Workforce Housing Project – a project that reserves at least 100 unities, designed for residential occupancy by at least 100 individuals or families living independently from each other.

Pro-Housing Development – the promotion of housing production by streamlining approval processes, reducing costs, and removing regulatory barriers.

Imminent Plans – refers to the timeline associated with approving a pro-housing development policy or a major workforce housing plan that has been officially approved but not yet enacted.