The Virginia Department of Housing and Community Development (DHCD) opened their FY 2025 Industrial Revitalization Fund (IRF) grant application timeframe on April 1, 2024. The IRF program aims to transform vacant, non-residential buildings from a physically and economically blighted state to structures that drive commercial success, community revitalization, and job creation.
Qualifying facilities include ones previously used for manufacturing, logistics, power production, and mining. Additionally, large-scale buildings like shopping centers, schools, mixed-use (as long as 30% of the project is commercial), department stores, hotels, and theaters are eligible properties. Local governments, including economic/industrial development authorities, are eligible to submit applications for the IRF program.
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