Redevelopment Incentive Programs
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 via email 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.
Special Events Cost Share Grant
Cost share funds are available for not-for-profit organizations that will host promotional or special events within a CRA District. The events must occur within the fiscal year the funds are granted (October 1, to September 30). Funds will be awarded on a competitive basis. Applications for events occurring in the Districts will be accepted, reviewed, approved and administered by the City/CRA. The maximum cost share award shall be $2,500 for a Class A event, $1,500 for a Class B event and shall not exceed 25% of the event expenses. No funds shall be awarded for Class C Events. Not-for-profit organizations may only receive one cost share award per fiscal year per district. Funds shall only be provided for events occurring after applications have been approved and the recipient has entered into a cost share agreement with the CRA. Organizations wishing to receive funding assistance for their event must submit the CRA Promotional/Special Event Cost Share Program application for review by City/CRA staff.
Building Improvement Cost Share Grant Program
The Program is intended to encourage the redevelopment of blighted residential and commercial properties by assisting those who are attempting to improve properties which are most in need of rehabilitation or remodeling; do not necessarily depend upon grant funds to move forward; and which have a greater probability of successful completion. To be eligible for consideration projects must be located in a City of Palatka Community Redevelopment Agency Tax Increment District and advance the goals outlined in the CRA plan.
Applications are accepted during publicly advertised cycle(s) and accepted by the posted deadline. Awarded projects will be reimbursed up to fifty percent (50%) of the total project cost to a maximum of twenty-five thousand dollars ($25,000) upon one hundred percent (100%) completion of the project scope.