The Industrial Revitalization Fund (IRF) assists localities in addressing blighted structures in their communities that have contributed to the disinvestment of the property and surrounding neighborhood. “Industrial” structures are considered any non-residential structure significant to the community, due to its size, location and/or economic importance. These remnants of past economic vibrancy and local economies in transition are no longer suited for their former purpose and therefore serve as opportunities for a community to leverage local and private resources to create community development projects that will reduce blight and be a catalyst to future investment downtown. DHCD has released an annual report that further explains the program’s structure, highlights completed and ongoing projects, showcases IRF data points and more. Check out the report below for more information!
In the annual report, information pertaining to the Port Host Community Revitalization Fund (PHCRF) has been included because the Community Revitalization Office’s (CRO) IRF team administers these grants that are meant to leverage local and private resources to achieve market-driven redevelopment of port-related properties, creating a catalyst for long-term employment opportunities and on-going physical and economic revitalization.
Click here to learn more about PHCRF eligibility, resources and helpful links!