Redevelopment Loan Program

About the Program
 
As Pasco County businesses begin reopening and adjusting operations, the Office of Economic Growth has established a Redevelopment Loan Program (RLP) to provide loans to commercial property owners. This program is currently funded through a Block Grant offered through the U.S. Department of Housing and Urban Development. 
 
Program Details
 
  • Loan Amounts: The maximum loan amount is determined by the project, not to exceed $100,000. For every $50,000 funded, the borrower must create or save one full-time job.
  • Loan Term: The loan term will be based on the borrower's ability to repay, generally 60 months.
  • Promissory Note: Prior to receiving program funding, approved loan recipients must execute a Promissory Note with Pasco County.
FAQs
Who is eligible to apply for the Redevelopment Loan Program?
What is the process to apply for the Redevelopment Loan Program?
What are the benefits of utilizing the Redevelopment Loan Program Funds for eligible improvements?