Mixed-Use Revitalization Program
Overview
The Mixed-Use Revitalization Program was established under Act No. 54 of 2024 and is administered through the Commonwealth Financing Authority. The program provides grants and loans to assist with increasing mixed-use development across the commonwealth, leveraging private and public resources, and fostering sustainable partnerships committed to addressing community needs.
Eligibility
Developers can apply for either a grant or a loan for eligible Mixed-Use Redevelopment Projects. Mixed-Use Redevelopment Projects are community revitalization projects that promote economic growth and includes commercial assets. Projects may also include residential development opportunities. Examples include but are not limited to existing and former malls and similar commercial properties. Eligible projects must:
- Be situated on at least 15 acres of land; and
- Contain at least 200,000 square feet of proposed development that has not received a certificate of occupancy as of July 11, 2024; and
- Be zoned for the planned end use.
Funding
Grant amount shall not exceed more than twice the amount of matching funds provided by the developer or $3,000,000 whichever is less. There is no maximum loan amount.
Additional Information
Please refer to the program guidelines for additional information about the program and application submission.
How to Apply
Applications are being accepted until August 31st, 2025. Please use the “apply” link at the top of the page.