Community Revitalization Program (CRP)

The Michigan Community Revitalization Program (CRProgram) is a new incentive program available from the Michigan Strategic Fund (MSF), in cooperation with the Michigan Economic Development Corporation (MEDC), designed to promote community revitalization that will accelerate private investment in areas of historical declining values, contribute to Michigan's reinvention as a vital, job generating state, foster redevelopment of functionally obsolete or historic properties, reduce blight, and protect natural resources. The program is designed to provide grants, loans, or other economic assistance for eligible investment projects.

Properties eligible can receive support not to exceed 25% of total eligible investment for a single project which is not to exceed $10,000,000 for loan agreements or $1,000,000 for grant agreements or $10,000,000 for a combination of support of the total eligible investment for a single project.