Community Parks Revitalization Act

The Community Parks Revitalization Act authorizes the Secretary of Housing and Urban Development to provide grants and secured loans to local governments for improving urban parks and recreational facilities. It establishes three grant types: rehabilitation grants for physical improvements to parks, innovation grants for programs targeting veterans/military families and at-risk youth, and recovery action grants for planning local park system improvements. Local governments must submit detailed recovery plans, meet matching requirements (3/7 of grant amount for most grants), and prioritize projects addressing recreation deficiencies for minority and low-income residents. The bill also authorizes secured loans with specific terms (max 49% of project costs, 35-year maturity) for larger infrastructure projects requiring creditworthiness and dedicated revenue sources.