Pennsylvania RACP – Redevelopment Assistance Capital Program
Announces 2018 Round 1 Open Window
Written RACP Applications Due February 27, 2018
Governor Tom Wolf has authorized a 2018 round of Redevelopment Assistance Capital Program (RACP) grant awards in the 2018 Commonwealth Budget. Formal written applications are due February 27, 2018.
A real estate project is eligible for a RACP grant if it has a cultural, civic, historical, regional or multi-jurisdictional impact and generates substantial increases in employment, tax revenues or other measures of economic activity. RACP eligible projects must also comply with various use requirements and matching fund requirements, among other conditions for eligibility.
Please call us with any questions regarding the program or the application process. We can also offer insights into the process from our new colleague and State Senator Larry Farnese.