Project Considerations
The most competitive project submissions will also address local and regional impact, place, and economic and financial considerations. These considerations are listed below by category and are in no particular order. A project will be considered more competitive for funding the more criteria that are met.
Local and Regional Impact Considerations
- Project aligns with local vision and goals stated in a master plan, downtown plan, capital improvements plan and/or economic development strategy.
- Readiness of infrastructure – utilities, housing, transportation, public transit and other community services.
- Located in a community engaged in Redevelopment Ready Communities. Located in a designated Michigan Main Street community.
- Located in a Geographically Disadvantaged Area (GDA). Click here to see a map.
- Project uses (including residential) align with local market needs.
Place Considerations
- Project incorporates strong human-centric design principles and will contribute to the investment’s long-term value through holistic rehabilitation of the site.
- Reuse of vacant or underutilized properties located in and contributing to a vibrant walkable mixed-use district.
- Project positively contributes to the pedestrian experience and considers availability of adjacent multi-modal transportation options.
- Rehabilitation, infill, and/or historic revitalization projects.
Economic and Financial Considerations
The following financial conditions will be considered by staff when determining a project’s competitiveness for Build MI Community grant support:
- Availability of financing for the project.
- Long-term financial viability of the project as demonstrated through project proforma.
- Financial need for the project is exhibited.