viii. 4.4 Project Eligibility Threshold Board Member Josh Street moved to

Community Redevelopment Board · 2026-06-02 · agenda_item

The Community Redevelopment Board of the City of Panama City is considering a new policy regarding project eligibility. This policy, currently under review, would set minimum budget thresholds for certain types of projects. Specifically, commercial projects would require a minimum budget of $500,000, and residential projects would need a minimum budget of $150,000. Affordable housing projects would not have a minimum budget threshold under this proposal. This policy is in the early stages of review, having passed a board vote. If approved, this could influence future development projects by establishing financial requirements. Contractors, suppliers, and service providers should monitor this policy's progress as it may impact the scale and type of future work available in the community redevelopment area.

commercial projects minimum budget threshold

500000 $

residential projects minimum budget threshold

150000 $

vote count

4 0