There is no maximum principal amount for loans and the maximum interest rate for loans will not exceed 3%.
Sub-grants may not exceed $100,000 and will require redevelopment plans that provide for:
- Non-profit or green space use
- Incorporate green design
- Use existing infrastructure
- Address environmental justice issues and/or
- Demonstrate that the project meets the needs of a community unable to draw on other resources.
Sub-grants will only be awarded in extraordinary situations.