Residential Funding                                                  

Business & Commercial Funding Programs

EMERGENCY SHELTER GRANTS (ESG)

HUD’s Emergency Shelter Grant program provides homeless persons with basic shelter and essential supportive services. The City receives ESG grants and makes these funds available to eligible recipients, which can be either local government agencies or private nonprofit organizations, who carry out homeless assistance projects.

Business & Commercial Funding Programs

COMMUNITY DEVELOPMENT BLOCK GRANTS (CDBG)

CDBG awards grants to entitlement communities for activities directed toward revitalizing neighborhoods, economic development, and providing improved community facilities and services.  Scranton, in accordance with its Consolidated Plan provide programs that benefit low and moderate-income persons are afforded maximum feasible priority. The City may also aid in the prevention or elimination of slums or blight and other community development needs due to existing conditions which pose a serious/immediate threat to the health or welfare of the community where other financial resources are not available to meet such needs. 

Guidelines are found here.

Business & Commercial Funding Programs

Home Rehabilitation Program

The City of Scranton’s Housing Rehabilitation Program is designed to assist low-income families in the City by bringing their homes up to code.  To be eligible for this program the applicant must own the home, use the home as principle residence, be up to date with all City of Scranton taxes and fees, and are income eligible.  This work would include general construction, electrical and mechanical rehabilitation.

Business & Commercial Funding Programs

HOME Program

HOME Investment Partnerships Grants to states and units of general local government to implement local housing strategies designed to increase homeownership and affordable housing opportunities for low and very low-income Americans, with our focus on the City of Scranton.

Business & Commercial Funding                                 

LOCAL SHARE ACCOUNT (LSA)

The City of Scranton is an eligible applicant for the Local Share Account-Monroe County funds made available by the PA Race Horse Development and Gaming Act for the purpose of distributing the 2% of gross terminal revenues from Mount Airy Casino Resort.  These guidelines were established to provide information and guidance to project managers interested in applying for funding.  

Redevelopment Assistance Capital Program (RACP)

OECD has funding under the Redevelopment Assistance Capital Program (RACP), which is administered by the Commonwealth of Pennsylvania, Office of the Budget.  The RACP projects are state-funded projects that cannot obtain primary funding under other state programs. 

Eligible Uses of Funds

 

  • Economic development projects that have a regional or multi-jurisdictional impact and generate substantial increases in employment, tax revenues, or other measures of economic activity.

  • Included are projects with cultural, historic, or civic significance.

  • Projects with total costs no less than $1,000,000

Revolving Loan Fund (EDA-RLF)

Revolving loan funds (RLFs) make loans to businesses that cannot otherwise obtain traditional bank financing. Applicants must be private, for profit businesses.  Borrowers must demonstrate that credit is not otherwise available on terms and conditions that permit the completion or successful operation of the activity to be financed. The maximum EDA loan amount will be $250,000 however loan can be no more than 30% of the total project costs.

Loan to Grant Program (HUD)

This federally funded gap loan program was developed to enhance job creation by providing assistance to existing businesses looking to expand, for starting up a new business, or for businesses looking to relocate to Scranton.  As per the U.S. Department of Housing and Urban Development (HUD) guidelines, borrowers must create one full time equivalent job for every $35,000 borrowed.  If job creation and guidelines are met, the loan can transfer to a grant, with no repayment necessary.

HomeBuyer

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