Nov. 7, 2019
Cities, villages and townships experiencing financial struggles can now apply for a grant to help fund special projects and free up tax dollars for important services, according to the Michigan Department of Treasury (Treasury).
Applications are now being accepted for the Financially Distressed Cities, Villages, and Townships (FDCVT) grant program. Municipalities interested in applying for an award must submit applications to the state Treasury Department by 11:59 p.m. on Thursday, Jan. 2, 2020.
All cities, villages and townships experiencing at least one condition of “probable financial distress,” as outlined in the Local Financial Stability and Choice Act, are eligible to apply for up to $2 million. A total of $2.5 million in funding is available for Treasury to award through the FDCVT grant program for the 2020 fiscal year.
Grant funding may be used to pay for specific projects or services that move a community toward financial stability. Preference will be given to applications from municipalities that meet one or more of the following criteria:
Due to requirements outlined under state law, school districts are not eligible for funds from this grant program.
For more information about the FDCVT grant program or to download an application, go to www.michigan.gov/revenuesharing.