Bill > HB1664

This bill establishes the Historic and Older Building Redevelopment Assistance Grant Program to provide financial support for renovating and improving buildings that are at least 50 years old in Pennsylvania. The program, administered by the Department of Community and Economic Development, will offer grants ranging from $50,000 to $500,000 (or up to 30% of total project costs) to property owners and developers who submit comprehensive redevelopment plans. Eligible projects must focus on commercial, industrial, transportation, or multifamily residential uses and include improvements like mechanical, electrical, plumbing, structural, or accessibility upgrades. Applicants must provide detailed information about their project, including its economic impact, preservation strategies, and commitment to maintaining the building's historic character. The bill creates a dedicated fund in the State Treasury to support these grants, allows the department to accept additional funding sources, and limits administrative expenses to 3% of the fund. The program will have a two-year grant-making period, and projects must be completed within two years of receiving a grant, with a possible six-month extension. The department will be required to submit a report to the General Assembly detailing the program's outcomes and recommending potential continuation or expansion.

Government Affairs

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=1664