Colorado Community Revitalization Grant

Colorado Community Revitalization Grant Program Summary The Colorado Community Revitalization Grant provides gap funding for projects in creative districts, historic districts, main streets or neighborhood commercial centers. This grant will support creative projects that combine creative industry workforce housing, commercial spaces, performance space, community gathering spaces, child care centers, and retail partnerships for the purpose of economic recovery and diversification by supporting creative sector community non-profit organizations. There are more requests for funds than available funding. Based on applications in the final review process, all of the remaining funds are committed. We are no longer accepting new inquiries. Overview Type: Consulting/technical assistance and grant For:  Organizations looking to revitalize buildings or start new construction Amount:  Up to $3 million per project Application period: Closed to new applicants OEDIT division:   Colorado Creative Industries Expand All Eligible Organizations To be eligible, you will need to be an individual that represents one of these organizations in Colorado: municipalities local government special districts creative districts historic districts Main Street Program participants school districts business improvement districts urban renewal authorities downtown development authorities nonprofit and for-profit business entities Eligible Projects and Costs Eligible projects Successful projects serve as a catalyst for a community’s commercial center and should meet your area's  plans for development. Projects can be created through new construction or renovation of existing buildings and should celebrate the artistic or historic character of the community, provide infill development and/or elimination of blight, and increase property values. Projects that include the following may be prioritized: be a creative mixed-use space that includes workforce housing units have a high level of community engagement in response to community needs show strong evidence of being able to attract additional sources of funding and broad support from local governments and surrounding communities or neighborhoods stimulate economic recovery and economic diversification demonstrate an ability to commence work within a reasonable amount of time meet basic energy efficiency standards The project can also include other types of uses such as: mixed-use commercial co-working cooperative/shared work studios community space space for nonprofit organizations education child care health care Priority will be given to projects: that have the highest degree of project readiness for immediate construction or renovation of buildings with significant leverage of other funds that address economic challenges such as economically disadvantaged communities, economically challenged groups, economic diversification of the local economy, business and/or resident attraction or retention considerations that are located in creative districts, historic districts, main streets and commercial centers that include a mix of uses and align with community goals and priorities that include energy efficiency measures Eligible costs Grant funds cannot be used for general operating expenses or developer’s fees. How to Apply There are more requests for funds than available funding. Based on applications in the final review process, all of the remaining funds are committed. Selection Process

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