{"id":7881,"date":"2021-03-16T15:43:30","date_gmt":"2021-03-16T19:43:30","guid":{"rendered":"http:\/\/blogs.mml.org\/wp\/inside208\/?p=7881"},"modified":"2021-03-16T15:43:30","modified_gmt":"2021-03-16T19:43:30","slug":"treasury-announces-grant-period-for-financially-distressed-communities","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2021\/03\/16\/treasury-announces-grant-period-for-financially-distressed-communities\/","title":{"rendered":"Treasury Announces Grant Period For Financially Distressed Communities"},"content":{"rendered":"

<\/h1>\n

Treasury: Grants Available for Financially Distressed <\/strong>
\nCities, Villages and Townships<\/strong><\/a><\/h1>\n

Money for Special Projects to Free Up <\/em>
\nFunds for Important Services<\/em><\/h2>\n

LANSING, Mich. \u2013 Cities, villages and townships experiencing financial struggles can now apply for a grant to help fund special projects and free up tax dollars for important services, according to the Michigan Department of Treasury.<\/em><\/p>\n

Applications are now being accepted for the Financially Distressed Cities, Villages and Townships (FDCVT) Grant Program. Municipalities interested in applying for an award must submit applications to the state Treasury Department by 11:59 p.m. on Monday, May 17, 2021.<\/em><\/p>\n

All cities, villages and townships experiencing at least one condition of \u201cprobable financial distress\u201d as outlined in the Local Financial Stability and Choice Act are eligible to apply for up to $2 million. A total of $2.5 million in funding is available for the state Treasury Department to award through the FDCVT Grant Program for the 2021 fiscal year.<\/em><\/p>\n

Grant funding may be used to pay for specific projects or services that move a community toward financial stability. Preference will be given to applications from municipalities that meet one or more of the following criteria:<\/em><\/p>\n