The Municipalities Financial Recovery Act (Act 47) Grant Program

Pennsylvania Department of Community and Economic Development

Description

This grant opportunity is designed to help Pennsylvania municipalities achieve financial stability and ensure they can deliver essential services, pay off debt, and adhere to sound financial practices. It involves identifying financially distressed municipalities, appointing coordinators to create recovery plans, and providing grants and loans for support. All types of municipalities in Pennsylvania, such as counties, cities, boroughs, incorporated towns, and townships, are eligible to apply…

The Municipalities Financial Recovery Act aims to foster fiscal integrity among Pennsylvania municipalities, ensuring they can provide essential services, meet their debt obligations, and maintain proper financial practices. The Act sets forth procedures for determining municipal financial distr…

Source

Agency

Pennsylvania Department of Community and Economic Development

Key Dates

Opportunity Posted

March 13, 2024

Eligibility

The following categories of applicants are invited to apply:

  • County governments
  • City or township governments
  • Residents of Pennsylvania
Awards & Funding

Total Funding

$5M

Funding Amount

~$5

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