The Connecticut 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: Connecticut Department of Economic and Community Development (DECD)
State: Connecticut
County: All Counties
Type of Grant: Grant
Deadline: 12/15/2023
Size of the Grant: $250,000
Grant Duration: 5 years
Details:
Funding Information
- Grant Size: Individual Eligible Projects must have a proposed minimum funding request of $250,000; there is no maximum funding request.
- Minimum Budget: The total capital project budget must be at least $1,500,000. Planning budgets must be at least $250,000.
Eligible Projects
Eligible Projects must:
- promote economic or community development in the municipality where the project is located, and
- further consistent and systematic fair, just and impartial treatment of all individuals, including individuals who belong to underserved and marginalized communities that have been denied such treatment, such as Black, Latino and indigenous and Native American persons; Asian Americans and Pacific Islanders and other persons of color;
- members of religious minorities; lesbian, gay, bisexual, transgender and queer persons and other persons comprising the LGBTQ+ community; persons who live in rural areas; and persons otherwise adversely affected by persistent poverty or inequality.
Categories
There are three categories of Eligible Projects:
- Capital Improvements
- Brownfield remediation;
- Affordable housing;
- Establishment of or improvements to water and sewer infrastructure to support smaller scale economic development,
- Pedestrian safety, and traffic calming improvements;
- Establishment of or improvements to energy resiliency or clean energy projects and
- Site acquisition and capital projects to construct;
- Rehabilitation or renovation of buildings and structures to facilitate or improve home rehabilitation programs; or
- Rehabilitation or renovation of public facilities such as libraries and senior centers
- Small Business Support
- Small Business Support programs may be proposed by an Eligible Applicant for the purpose of providing:
- A revolving loan program, micro loans, or gap financing, to small businesses located within such municipality; or
- Start-up funds to establish a small business in any eligible municipality.
- CIF funds may support establishment and operation of small business support programs administered by an Eligible Applicant; no CIF funds shall be allocated directly to an individual business.
- Small Business Support programs may be proposed by an Eligible Applicant for the purpose of providing:
- Planning
- $250,000 award amount
- Eligible activities to be funded include community engagement processes, feasibility studies, sustainability analysis and planning, development of project plan, conceptual drawings and construction budget documents.
- $1,500,000 minimum budget is NOT mandatory.
Eligibility Criteria
- municipalities which are designated in state law as either Public Investment Communities or Alliance Districts;
- community development corporations which serve one or more such municipalities; and
- not-for-profit organizations which serve one or more of such municipalities.
For more information, visit CDECD.
