REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM
On July 1, Governor Wolf signed SB 905 (Act 36). With the signing of SB 905 it has been announced that the new Redevelopment Assistance Capital Program (RACP) application window for 2020 will be open for 30 days during the period of July 13th through August 12th.
The Redevelopment Assistance Capital Program (RACP) is a Commonwealth grant program administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects. RACP projects are authorized in the Redevelopment Assistance section of a Capital Budget Itemization Act, have a regional or multi-jurisdictional impact, and generate substantial increases or maintain current levels of employment, tax revenues, or other measures of economic activity. RACP projects are state-funded projects that cannot obtain primary funding under other state programs.