Saint Paul Downtown Vitality Fund
Saint Paul's Downtown Vitality Fund provides financing for downtown affordable housing, commercial capital improvements, equipment, and public realm projects.
About this program
The Saint Paul Downtown Vitality Fund is a $5 million fund supporting projects that add vibrancy and investment in downtown Saint Paul. The fund includes $3 million for housing developments, redevelopments, or office-to-housing conversions and $2 million for economic development projects such as street-level commercial improvements, equipment with five or more years of useful life, and public realm enhancements.
Eligibility
For-profit businesses, nonprofit economic development entities, and housing developers with eligible projects in the Saint Paul Downtown Improvement District may apply through the interest form process.
Requirements
- Project must be located within the Saint Paul Downtown Improvement District.
- Housing projects must develop, redevelop, or convert units meeting Local Affordable Housing Aid affordability requirements.
- Economic development projects must involve eligible capital improvements, equipment purchases with five or more years of useful life, or public realm improvements.