Anchor Building Program

Open: May 3, 2024  •  Close: July 31, 2024  •  Awarded: August 15, 2024

The Anchor Building Grant Program is an adaptive re-use funding program.  Anchor Building provides funding to enable local governments, 501(c)3 non-profits, and municipal authorities to strengthen a community, neighborhood, or commercial district by redeveloping, enhancing, and preserving an underutilized or vacant building that has the potential to serve as a catalyst for greater investment and commercial or social activity.

Most often, historic buildings located in the heart of the community are anchor buildings with intrinsic historical, architectural, and/or social qualities that make places special or unique.  Similarly, these buildings can be adaptively re-used due to the quality of original construction, location, and/or suitability for new uses.  Unfortunately, communities find that these older buildings are difficult to re-use due to construction costs relative to new building codes, lack of financial resources, or appraisal values that do not support local lenders making an investment.

ECGRA funding can serve as a vital part of the financing structure to bridge the gap, boost the real estate market, assist in developing equity, and enhance the quality of place.

Minimum request of $25,000 per application.  Up to $100,000 awarded per application.

Eligibility Criteria for Applicants

     •  an IRS-designated 501(c)3 or a municipal authority

     •  Headquartered in Erie County

     •  In good standing with the IRS and state and local taxing bodies

     •  In good standing with ECGRA's reporting requirements to date

     •  Requires a 1 - 1 cash match

Anchor Building Resources

An impact investing organization, ECGRA's mission is to empower the nonrofit sector, municipal governments, and economic development agencies to revitalize Erie County.  ECGRA is endowed with local share gaming revenue from the Commonwealth of Pennsylvania via the Horse Race Gaming Act.  Local share gaming revenue is an assessment of the licensed gambling industry in Pennsylvania.