The Arundel Community Reinvestment (ACR) Fund is designed to spur economic activity, investment and improvement in Anne Arundel County’s eleven Commercial Revitalization Districts,  the area at inner West Street in Annapolis from Church Circle to Chinquapin Round Road and the county’s one state-designated Enterprise Zone is Brooklyn Park.
The ACR offers loans up to $100,000 to be repaid over three to seven years at zero percent interest. Loans are limited to 90% of total project costs.
Eligible improvements include renovation and upgrades to building exteriors and site improvements, including landscaping. In addition to financial assistance, the program includes professional architectural services provided by a full service architectural firm with experience in commercial revitalization.
For more information, please visit: https://www.aaedc.org/business/financing-and-tax-credits/acr-fund/