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RAP 1.0 provided access to real estate and place-based infrastructure development gap financing through grants of up to $5 million per project for real estate rehabilitation and development, grants of up to $1 million per project for public space improvements and grants of up to $20 million to local or regional partners who develop a coordinated subgrant program.
Applications were accepted in Summer 2022 and the projects selected to receive a combined $83.8 million in grant funding were announced on September 7, 2022. Read the full press release announcing the selected projects here.