Redevelopment Incentive Programs

Overview

Contact

Jonathan Griffith
Project Manager / Grants Administrator

201 North Second Street
Palatka, FL 32177

email: jcgriffith@palatka-fl.gov

Hours


8:30 am - 5:00 pm
Monday - Thursday


The Palatka Community Redevelopment Agency (CRA) offers various redevelopment incentive programs aimed at the encouragement of private enterprise and preserving and enhancing the tax base for the Community Redevelopment Areas.

If you are seeking assistance, we encourage you to contact us so we can assist you. Staff welcomes the opportunity to discuss your project and its applicability to our current incentive programs and/or other federal and state programs.


Residential Rehabilitation Grant
The Residential Rehabilitation Grant Program is intended to encourage the rehabilitation/repair of vacant residential properties for single-family owner occupied homes. Grants may be awarded up to fifty thousand dollars ($50,000) per property. The owner will have up to one (1) year from the date of execution of the grant agreement to complete the work. The grant program is only applicable to a new work and is not retroactive. Previous work on the property may not be considered as match or for grant funding. A house must be unoccupied at the time of application. If a property owner wishes to restore/rehabilitate their unoccupied property, which is not their primary residence, with the intent to sell, program funding will be applied as a loan which will be returned in full to the South Tax Increment District Fund at closing. 

Program Documents

Target Area: South District

Vacant Space Incentive Program
The Vacant Space Program is intended to take space not fit for occupancy and improve it to the condition to where a certificate of occupancy can be issued.  To be eligible for consideration projects must be located within one of the three CRA districts, vacant for at least six (6) months, advance the goals outlined in the CRA plan, and meet other minimum eligibility criteria. Letters of Interest are accepted once a year.

Program Documents

Target Area: Central District

Building Improvement Grant
The Building Improvement Grant is a competitive matching grant program for the purpose of improving buildings to meet code compliance and the needs of expanding businesses, new businesses and/or the construction of tenant ready space.

Target Area: Central District

Program Documents

Facade Grant
The Facade Grant program is a competitive, matching grant program designed to promote the restoration or rehabilitation of building facades to remove visual blight. Grants are limited to $20,000 and for those projects exceeding $5,000 a 25% match of the total project cost shall be required.

Target Area: Central District

Program Documents

Recruitment Grant
The Recruitment Grant is a matching grant program designed to facilitate the relocation or creation of new business. Eligibility is only for occupation of storefronts that have been vacant or for the expansion of existing businesses into adjacent unoccupied or underutilized space. The applicant must commit to maintaining two (2) full time job equivalents. Grants are limited to $50,000 and applicants are required to match the grant funds 1:1.

Target Area: Central District

Program Documents

Home Improvement Grant
The Home Improvement Grant (HIP) is grant for exterior restorations of a property owners primary residence. The program removes visual blight through minor repairs and painting. A homeowner's adjusted gross income is considered in the award process.

Target Area: North and South Districts

North District Application
North District Amendment
South District Application
South District Amendment
Checklist

Transformational Redevelopment Incentive Program
The Transformational Redevelopment Incentive Program (TRIP) is intended to encourage redevelopment projects that are transformational or catalytic in nature by reimbursing a portion of the additional tax increment derived from the completed project and/or by granting or loaning funds equal to the estimated
additional increment to be derived from the completed project.

Target Area: North, South and Central Districts

Program Documents

All incentives are contingent upon the availability of funds and CRA/City Commission approval.