News Flash


Posted on: May 11, 2023

MCRA Property Improvement Program Grant Opens June 26


The Margate Community Redevelopment Agency Board has approved setting aside Two Million Dollars to be distributed for the MCRA’s Property Improvement Program as follows:

• $1,500,000 for eligible Commercial Properties within the MCRA boundaries

• $500,000 for eligible individually owned single-family, condominium, and multi-family properties within the MCRA boundaries

The reimbursement grant is for comprehensive fixed capital and other improvements to the property. The intent of the program is to meet the MCRA’s statutory purposes, including but not limited to the rehabilitation of buildings or other improvements in accordance with the MCRA Community Redevelopment Plan. Further, the MCRA PIP is offered in order to encourage property and business owners to restore, renovate and improve their property, thereby improving the area's visual quality and attractiveness and increasing property values.

The program will begin accepting applications on Monday, June 26. For more information, click here. 

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