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Grants for Redeveloping Abandoned Shopping Centers

New rules establish a grant program to help local governments transform old, empty shopping centers into new spaces, such as housing or transportation hubs. The goal is to revitalize neglected areas and create new opportunities for residents.
Key points
Funding is available for local governments to undertake projects converting large, abandoned shopping centers.
Projects must meet specific criteria regarding the size and vacancy level of the property.
Projects that create housing, improve public transport access, and reuse old sites will be supported.
Local governments must contribute their own funds, exceeding 50% of the grant amount.
Preference will be given to projects benefiting lower-income communities and those involving community engagement.
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Additional Information
Print number: 117_HR_5041
Sponsor: Rep. Bourdeaux, Carolyn [D-GA-7]
Process start date: 2021-08-17