Click on the following questions to go to the answer:

1. Who may apply for ICP funds?
   
   
2. Must I live or have my business in a designated Revitalization Area or District to apply?
   
   
3. Who do I contact to determine if my project is located within a Revitalization District or Area?
   
   
4. What can ICP funds be used for?
   
   
5. How do I apply for ICP funding?
   
   
6. What is the minimum ICP loan amount that I can receive?
   
   
7. What is the maximum ICP loan amount that I can receive?
   
   
8. Are there any credit collateral requirements for ICP funding?
   
   
9. What are ICP funding terms?
   
   

Answers

1. Who may apply for ICP funds? Top of the Page
   For-profit businesses, nonprofit organizations, public entities, joint-venture partnerships, local revitalization organizations and real estate development ventures may apply for ICP funding.
   
   
2. Must I live or have my business in a designated Revitalization Area or District to apply for ICP funding? Top of the Page
   An applicant must live in, have a business located within or have a project located within a Fairfax Commercial Revitalization Area to obtain ICP funding.
   
   ICP funding is targeted to projects and activities located within the five Fairfax County Revitalization Districts and two Revitalization Areas. Go to maps of the areas.
   
   
3. Who do I contact to determine if my project is located within a Revitalization District or Area? Top of the Page
   Please contact the Revitalization Division of Fairfax County at 703-246-6500to speak to a staff representative regarding your project. You may e-mail inquiries to Revitalization@fairfaxcounty.gov.
   
   
4. What can ICP funds be used for? Top of the Page
   ICP funds can be used to:
   • Acquire real property
   • Construct real property (buildings)
   • Rehabilitate existing real property (buildings)
   • Purchase and/or lease machinery and equipment
   • Fund real estate development costs
   • Fund project feasibility analyses
   • Provide working capital in concert with above activities
     
     
5. How do I apply for ICP funding? Top of the Page
   You may submit an initial funding request by fax, mail or e-mail to the Fairfax County Revitalization Program Staff.
   
   The e-mail address is Revitalization@fairfaxcounty.gov.
   
   The street address for the Revitalization Office is:
   Fairfax County Department of Housing and Community Development, Office of Revitalization
   3700 Pender Drive, Suite 300
   Fairfax, Virginia 22030
   FAX 703.246.5115
   
   
6. What is the minimum ICP loan amount that I can receive?
   $5,000
   
   
7. What is the maximum ICP loan amount that I can receive?
   $500,000
   
   
8. Are there any credit collateral requirements for ICP funding?
   Yes. Collateral requirements will depend upon project type, terms and conditions. Generally the following collateral will be required for ICP funding:
   1. Lien on real property held by business
   2. Liens on property held personally
   3. Liens on inventory and/or accounts receivable
   4. Personal or corporate guarantees
      
      
9. What are ICP funding terms? Top of the Page
   ICP funding terms vary according to the type of project, and type and amount of funding provided. ICP funding is flexible and can be used as:
   • A direct loan
   • A loan guarantee
   • A reduction in interest on a conventional loan
   • Equity participation in a project or purchase