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Panama City CRA adopts site-preparation grant framework, sets thresholds and shorter repayment window
Summary
The Panama City Community Redevelopment Agency approved draft rules for a demolition and site-preparation grant program, setting residential and commercial minimums, adding permit and impact fees as eligible costs, shortening recapture timelines to six months and directing staff to return a finalized grant agreement June 2.
The Panama City Community Redevelopment Agency on May 5 adopted a package of policy decisions shaping a new demolition and redevelopment site-preparation grant program and directed staff to return a finalized grant agreement June 2.
Board members voted to distinguish minimum project thresholds by property type, approving a $150,000 minimum total project budget for residential projects and a $500,000 minimum for commercial projects, while preserving exceptions for affordable-housing projects. The board also moved permit and impact fees into the list of eligible project costs to help vacant-lot and affordable-housing developments cover up-front governmental charges.
Board members debated award caps and oversight. Staff had presented several options drawn from…
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