Michigan Community Revitalization Program (MCRP)
Michigan communities have access to development gap financing with the Michigan Community Revitalization Program (MCRP). The program promotes community revitalization through the provision of grants, loans or other economic assistance for eligible projects located on properties that are either contaminated (facility), blighted, functionally obsolete or historic resources.
The amount of support is determined by a needs analysis and funding commitments are expressed as a percentage of the MCRP eligible investment basis. Applicants should explore all other sources prior to applying for MCRP gap financing.
All projects go through an application and due diligence process conducted by the MEDC, which is outlined in the document below.
Program guidelines including incentive parameters have been approved by the Michigan Strategic Fund (MSF) Board and are included in the document below.
Looking for guidance in the MCRP Process?
We’ve created and identified documentation to serve as a resource for this program. You can find these and more on the Resources page.
Contact Information provided at Link Below
For new projects, contact a CATeam Specialist.