City accepting applications, seeking grant for real estate projects

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Grand Rapids is accepting applications for real estate revitalization projects.

The city is accepting proposals, as it intends to submit a Regional Real Estate Subgrant program application to the Michigan Economic Development Corporation’s (MEDC) Revitalization and Placemaking program, which will distribute $100 million to qualifying projects throughout the state.

The city intends to submit an application for real estate revitalization projects, excluding placemaking projects, located in Grand Rapids. Proposals for placemaking projects can be submitted to Tim Mroz, senior vice president of community development at The Right Place, at mrozt@rightplace.org.

“Eligible applicants for real estate revitalization projects are individuals or entities working primarily to rehabilitate vacant, underutilized, blighted or historic structures, although new construction projects may qualify under certain circumstances,” said Jonathan Klooster, assistant economic development director of the city. “These projects will be privately owned development projects, and the MEDC grant requires a minimum of 50% match of the project’s eligible costs.”

The city will accept proposals through this online form until 5 p.m. Tuesday, April 5. Proposals submitted after the deadline will not be considered.

More information is available here.

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