22 Projects Awarded Industrial Revitalization Fund Planning Grants

Excitingly, 22 projects have been awarded Industrial Revitalization Fund (IRF) Planning Grants! This is the first year that funds have been available for IRF Planning Grants, and these grants are intended to result in deliverables that contribute to more complete and prepared applications for IRF implementation grant applications that are due later this summer.

Recently, the Virginia Department of Housing and Community Development (DHCD) was appropriated $45 million in American Rescue Plan Act (ARPA) funds for Fiscal Year 2022 – 2024 for the IRF program, and $1,277,000 of this funding is being allocated towards the 2022 Planning Grants, with Planning Grant awards capped at $100,000 per project.

The following projects will receive IRF planning grant funds:

The IRF program leverages local and private resources to achieve market-driven redevelopment of vacant and deteriorated industrial and commercial properties. The program is targeted toward vacant non-residential structures whose poor condition creates physical and economic blight to the surrounding area in which the structure is located.