Only a New Jersey municipal or county government or redevelopment agency is eligible to apply to the 21st Century Redevelopment Program.
As part of the application, the municipality, county, or redevelopment agency must present a site or facility or collection of properties suffering from significant vacancies that will be the focus of the planning project. This may be a buildings, corporate campuses that were used by a single entity, buildings that are adjacent to each other, or buildings across a parking surface or structure that is dedicated for use by the buildings.
A municipality, county or redevelopment agency may only submit one application each. A proposal on behalf of a county does not preclude a municipality within that county from submitting their own proposal.
What else is required in order to be eligible?
To be considered eligible for a grant award, proposals must demonstrate ability to provide a 20 percent matching contribution of the grant amount, to be reinvested back into the planning project.
The 20 percent match can be in the form of a financial contribution, or a contribution of in-kind resources. In-kind resources are defined as non-monetary resources that will add value and help advance the planning project.
The applicant must agree to participate in at least 2 events hosted by NJEDA to share lessons learned with other New Jersey municipalities and counties facing stranded assets challenges, and share ownership of deliverables with NJEDA for the purpose of making results publicly available to foster a dynamic discussion about repurposing stranded assets and to assist other similarly situated municipalities.