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Open in new Tab ATLANTIC CITY REVITALIZATION GRANT PROGRAM – PHASE TWO Now accepting applications The Atlantic City Revitalization Grant – Phase Two program will award grants between $250K and $2.5M for capital projects that address and improve the communities and neighborhoods within Atlantic City. AMOUNT Applicants may request a grant amount from a minimum of $250K to a maximum of $2.5M. Grant funds may cover up to 50 percent of eligible capital project costs (soft and hard construction costs). BENEFITS Improve the communities and neighborhoods within Atlantic City. Revitalize Atlantic City from the impacts of COVID-19. ELIGIBILITY For-profit or non-profit entities responsible for overseeing a real estate development project and coordinating the activities related to the not limited to, project design, project financing, and permitting and local approvals, are eligible to apply (each, an “Applicant” or “Developer Entity”). PROGRAM DETAILS ELIGIBILE APPLICANTS ELIGIBILE PROJECTS AWARD SIZE FEES PROGRAM DETAILS This relaunch of the Atlantic City Revitalization Program (“Program”) will continue to facilitate Atlantic City’s effective utilization of allocated funds for community-driven capital projects.  The goal of this Program is to proactively address the negative economic impacts of the pandemic by investing in projects that demonstrate an ability to cultivate the environment and neighborhoods necessary to attract and retain a local workforce, enable business creation and tourism, enhance downtown vitality through small business support efforts, support clean and safe initiatives, address food insecurity issues, and buttress social impact supports for the community at large. Administered by the Authority, this Program will support real estate development, specifically capital projects (each, a “Project”) in the form of Grants, to support rehabilitation or new construction, as well as other development costs associated with an award between $250,000 and a maximum award of $2.5 million in grant funding to one Project.  This will then meet the requirement of “Investing in Communities” by providing funding to activate underutilized properties for community focused investments and to activate projects that will catalyze new business sectors in NJ, support communities, and improve the business community within Atlantic City. This grant will improve investment in communities by working to activate vacant land for projects in order to promote equitable economic growth and community wealth building in Atlantic City. ELIGIBILE APPLICANTS For-profit or non-profit entities responsible for overseeing a real estate development project and coordinating the activities related to the not limited to, project design, project financing, and permitting and local approvals, are eligible to apply (each, an “Applicant” or “Developer Entity”). A real estate holding company or other special purpose entity that exists solely to own property or a real estate project is not eligible. Any county entity and any colleges or universities are not eligible to apply for any support from the Program. ELIGIBILE PROJECTS AND RESTRICTIONS