REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM
The Redevelopment Authority has successfully managed many Redevelopment Assistance Capital Program (RACP) grants. 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.
An award recipient that is not an eligible Grantee for a RACP award MUST obtain an eligible entity such as the Redevelopment Authority to “sponsor” their project. In these cases, the recipient entity will be the Sub-Applicant to the award and the Redevelopment Authority will be the Applicant (Grantee), serving as a “pass through” entity for purposes of the RACP Grant. The Redevelopment Authority will submit the Application and Business Plan, special conditions, and reimbursements requests to the Office of the Budget, and also sign all documents including the Grant Agreement.
The Redevelopment Authority has administered a significant number of RACP grants and has enjoyed remarkable success developing partnerships among multiple‐jurisdictions to complete projects utilizing RACP funds.
Examples of RACP projects managed by the Redevelopment Authority include:
- Bucks County Beautification
- Firebird Community Activity Center
- Lower Bucks Hospital
- St. Mary Medical Center
- Riverside Construction Materials
- Horizon Corporate Center
- Port of Bucks Renovations
- Route 13 Industrial Area
- Fairless Hills YMCA Capital Revitalization
- Villa Joseph Marie High School Expansion