The Industrial Revitalization Fund (IRF) 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. Eligible properties include those formerly used for manufacturing, warehousing, mining, transportation and power production, as well as large-scale white elephant structures, such as department stores, theaters, hotels and shopping centers. Structures whose proposed end use will be solely residential are not eligible.
The Industrial Revitalization Fund has received additional support through an appropriation of American Rescue Plan Act (ARPA) funding. This funding has allowed for expanded guidelines under the IRF program, as well as IRF Planning Grants and a new Mixed Use on Main Street (MUMS) program. The MUMS program, which requires a pre-application, will accept full applications on a rolling basis February 1, 2023 - December 31, 2023 or until the $2.5 million allocated for MUMS is depleted. See materials about the MUMS program under the Resources tab.
The final round of FY24 IRF implementation grant funding of approximately $10 million in state and ARPA funds will open on September 5th, 2023 and applications will be due on October 27th, 2023. DHCD will be conducting a how-to-apply webinar on August 30th for this round of funding.