HONOLULU (KHON2) — The deadline to apply for the rail-related Transit Construction Mitigation Fund (TCMF) has been extended by two weeks.
The City and County of Honolulu’s Department of Budget and Fiscal Services announced that it was extending the application deadline for rail-related TCMF Grant Online Portal submissions on Tuesday.
The portal, which originally opened for applications at 10 a.m. on Monday, January 27, had previously been scheduled to close on Friday, February 7.
The passing of Bill 40 in January of 2024 established the TCMF to provide relief to eligible local businesses that have been financially impacted by the construction of the Honolulu Rail Transit Project.
For the current fiscal year, grants of $10,000 per applicant will be awarded on a first come, first served basis, based on authorized funding for the program.
Grants are available to eligible businesses that:
– Have 15 or fewer employees
– Generate less than $750,000 in annual revenue
– Are located within one block of active rail construction on Dillingham Boulevard
– Are currently open for business
– Are majority-owned by City residents
– Were open for business at their current physical location before January 1, 2022
– Meet the business 10% revenue decline requirement
For more information about the grant availability and the application process, visit https://www.revitalizeoahu.org/tcmf-info.
Grant applications must be submitted by 10 a.m. Hawaii Standard Time on Friday, February 21, 2025.