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The Build MI Community Grant is an initiative designed to promote private investment in Michigan communities. Administered by the Michigan Economic Development Corporation (MEDC) on behalf of the Michigan Strategic Fund (MSF), this tool provides access to real estate development gap financing for small scale, incremental redevelopment projects.
The Build MI Community Initiative has been established to re-activate underutilized or vacant space into vibrant areas by promoting capital investment into redevelopment projects being taken on by developers and property owners with limited real estate development experience and familiarizing them with the development process in order to position them to potentially undertake more complex projects in the future.
Support will be in the form of a grant and will range between $50,000 and $250,000, but not greater than the lesser of 50% of project costs for any project. For communities with populations of 15,000 or less, 30% of the annual funding will be set aside until March 30th of each fiscal year. Disbursement of grant funds will follow development milestones with 100% of the award being awarded at construction completion and issuance of a "Certificate of Occupancy" as well as completion of other performance-based criteria. Applicants may also be eligible for additional funding, up to 10% of project award, for real estate development training and/or technical assistance.
All applicants are required to submit an application while working with their Community Assistance Team specialist. The timing for project consideration is impacted by various factors which may include changes to project scope, inadequate or incomplete documentation, and project complexities.
The following is a high-level summary of the process:
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
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:
The Build MI Community grant application is now available and can be downloaded below. Please note, prior to starting a project, or filling out any part of the BMC application, it is very important to work closely with the local municipality and with your Community Development Manager. Your Community Development Manager can provide valuable assistance toward a successful BMC request as well as save you time if the project is not competitive.
Your Community Development Manager can also be found by using the interactive map below.
Contact the Community Development Managers Team
Community Development Managers provide personalized support and guidance to your community based on its location in Michigan. Interact with the Map on the left to find your contact by region.