1. Short title This Act may be cited as the Grayfield Redevelopment and Economic Advancement Through Effective Repurposing and Revitalization of Shopping Centers Act of 2023 or the GREATER Revitalization of Shopping Centers Act of 2023 . 2. Grayfields shopping centers redevelopment grants (a) Grants Section 108 of the Housing and Community Development Act of 1974 ( 42 U.S.C. 5308 ) is amended by adding at the end the following: (s) Shopping center redevelopment grants (1) Authority In conjunction with notes or other obligations issued by eligible public entities or designated public agencies for the purpose of financing projects that meet the criteria under paragraph (2) and that are guaranteed under this section, the Secretary may make grants to those eligible public entities or designated public agencies in connection with those guarantees for the purpose of enhancing the security of the notes or obligations or improving the viability of projects financed with those notes or obligations. (2) Project requirements A project meets the criteria under this paragraph only if the project— (A) is designed to eliminate blight, including on a spot basis, through redevelopment and revitalization of facilities that— (i) were originally developed as shopping centers, (ii) consist of an enclosed facility covering not less than 20 acres, (iii) contain— (I) not less than 40 individual storefronts of which less than 30 percent are occupied at the time the grant is awarded, or (II) 2 or more vacant major department stores, grocery stores, or other large chain stores having substantial economic strength and occupying substantial square footage of the facility, and (iv) include a common parking area; except that the Secretary may establish alternative criteria to the requirements under this subparagraph for eligibility of shopping centers for assistance as the Secretary considers appropriate; and (B) meets such requirements as the Secretary shall establish to ensure that the project promotes— (i) transit-oriented development