GRANTS & INCENTIVES
In support of the Community Redevelopment Agency’s (CRA) mission to encourage redevelopment within the CRA district the CRA Board has established various incentive grants. These incentives/ grants include the master plan’s catalyst projects and recommendations. Incentive/grant policy, funding levels, dollar match or non-match requirements, completion timelines, application submissions, terms and conditions are all at the discretion of the CRA Board and can be changed without a modification to the CRA Plan.
The City of Crestview will invest up to $96,835 through its Community Development Block Grant (CDBG) program, funded by the US Department of Housing and Urban Development (HUD). Under this program, funding will be used to provide one-time business grants of up to $5,000.00.
The purpose of this program is to avoid job loss caused by business closures related to social distancing by providing short-term working capital assistance to small businesses to enable retention of jobs held by low- and moderate-income persons. Business owners and/or affected employees must meet HUD LMI income eligibility. Eligibility will be determined through an application process and must meet project guidelines.