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Ocala CRA board raises commercial grant cap to $50,000, expands eligibility for new construction; North Magnolia program updated
Summary
The Ocala CRA Agency Board on April 15 approved raising the commercial property improvement grant cap from $15,000 to $50,000 for corridor properties and approved revisions to the North Magnolia subarea program to respond to rising construction costs.
The Ocala Community Redevelopment Area Agency Board on April 15 approved amendments to commercial property improvement grant programs, increasing the maximum award for corridor properties from $15,000 to $50,000 and adding new construction on vacant properties as an eligible improvement. The board also approved revisions to the commercial property improvement grant program for the North Magnolia CRA sub…
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