The Department of Economic and Community Development (“DECD”) acts as administrator for the Community Investment Fund 2030 (“CIF”), a five-year program designed to support historically disadvantaged communities across the state with up to $175 million each fiscal year from 2022 to 2027.
Donor Name: Department of Economic and Community Development
State: Connecticut
County: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 07/25/2022
Grant Size: $75,000,000
Details:
The Community Investment Fund 2030 (CIF) will foster economic development in historically underserved communities across the state.
Grants are available for:
- Capital improvement programs, such as brownfield remediation, affordable housing, infrastructure, clean energy development, and home or public facility rehabilitation
- Small business capital programs, including revolving or micro loan programs, gap financing, and start-up funds to establish small businesses
Priority Projects
By statute, the CIF Board will prioritize eligible projects for certain reasons, including programs that will:
- Implement local hiring preferences
- Employ individuals who have disabilities
- Leverage non-state funds
Eligible Projects
- Promote economic or community development in the municipality where the project is located
- Consistently and systematically advance fair, just, and impartial treatment of all individuals, including individuals who belong to underserved and marginalized communities such as Black, Latino and indigenous and native American persons, Asian Americans and Pacific Islanders and other persons of color; members of religious minorities; persons comprising the LGBTQ+ community; persons who live in rural areas; and persons otherwise adversely affected by persistent poverty or inequality.
Grant Size
Individual Eligible Projects must have a proposed minimum funding amount of $250,000; there is no maximum funding amount. Total funding available for this round of CIF grants pursuant to this NOFA is $75,000,000.
Eligibility Criteria
- Municipalities designated in state law as Public Investment Communities or Alliance Districts
- Community development corporations which serve one or more eligible municipalities
- Not-for-profit organizations which serve one or more eligible municipalities
For more information, visit Department of Economic and Community Development .
