Vibrant Communities Program

Funding: Up to $1,000,000

Description

The Vibrant Communities Program was established to assist distressed, small, and mid-sized cities with development projects that fulfill a market need and represent a reinvestment in the community.

Eligible Applicants:

  • Municipalities with populations under 75,000 and poverty rates that are at or above the state’s average poverty rate
  • The lead applicant should be the eligible community or local/regional economic development organization
  • The applicant should have control of the property

Eligible Projects:

  • Must be in an eligible community
  • Will typically be in downtowns
  • Site should be in an area where added inducement is needed to reduce risk and attract new investment
  • May include renovation of existing buildings, new construction, or a combination of both
  • Must have an Eligible Anchor Tenant, committed to at least 30% of the project’s usable square footage

 

Additional Details

Funding: Up to $1,000,000

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