Pennsylvania Grant & Resource Directory - Pennsylvania House ...

OFFICE OF THE BUDGET
www.budget.state.pa.us
GRANT/PROGRAM
Redevelopment Assistance Capital Program (RACP)
– The state’s RACP program is designed to aid community
and economic development projects throughout the
Commonwealth that demonstrate significant economic
impacts to local and regional economies. The RACP program
operates as a reimbursement program for eligible project costs
including, but not limited to construction, land acquisition,
permitting, and any interest costs accrued during construction.
Capital projects eligible for RACP funding must have a total
project cost of at least $1 million, with a required 50 percent
non-state match.
The process for securing RACP funds begins with the inclusion
of a line item authorization for a specific project in the state’s
Capital Budget, allocating a certain amount of funding to the
project. Act 48 of 2010 amends the Capital Facilities Debt
Enabling Act, increasing the Commonwealth’s debt ceiling
by $600 million, allowing at least $1.2 billion in development
projects to advance through RACP. All projects listed in the
state’s current Capital Budget are eligible to submit a letter to
the governor requesting the release of funds allocated in the line
item. If a funding release is granted, the project is then eligible
to submit an application for the project, and when approved,
trigger the drawdown of funds.
CONTACT INFO/DEADLINE
Contact – Office of the Budget at (717) 787-
2542, www.budget.state.pa.us
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