Deadline: 25-Aug-22
The North Carolina Department of Commerce is seeking applications for its Demolition Grants Program to support the demolition of a vacant building to encourage site rehabilitation and site availability for economic development purposes.
Funding Information
- Up to $75,000 for buildings 100,000 square feet or less
- Up to $150,000 for buildings over 100,000 square feet
- Maximum of $12,500 per projected job to be created on the rehabilitated site.
Eligibility Criteria
- Eligible applicants are units of local government located in Tier1 or Tier2 counties, and rural censustracts in Tier3 counties. A rural census tract is an area having a population density of less than 500 people per square mile according to the most recent decennial federal census.
Requirements
- The unit of local government is required to own the property.
- The building must be vacant for three years prior to the proposed demolition.
- Once the demolition is completed, the property may not be used for government/public use, parking, recreation, or housing for at least three years after the award date.
- The local government must contribute at least 25% of the total project cost as a cash match. The cash match shall come from local resources and may not be derived from other State or federal grant funds
- There must be a reasonable expectation of private sector investment and job creation at the rehabilitated site. Properties zoned for residential use are not eligible for this grant.
- Grant funds may only be used for demolition and removal of the subject building only.
- Upon completion of the project the property must be site ready for development
- The unit of local government receiving funds under this grant program shall comply with all federal, state, and local laws, rules, regulations, and ordinances applicable to the project and to the grants pertaining thereto, including (without limitation), requirements relating to procurement, environmental standards and permitting standards where applicable. Grantees are encouraged to consult with their attorney to ensure compliance with all applicable demolition requirements.
For more information, visit North Carolina Department of Commerce.
For more information, visit https://www.nccommerce.com/about-us/divisions-programs/rural-economic-development/rural-grant-programs