The Connecticut Department of Economic and Community Development (DECD) is accepting applications for its Community Investment Fund 2030.
Donor Name: Connecticut Department of Economic and Community Development
State: Connecticut
County: All Counties
Type of Grant: Grant
Deadline: 12/13/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: Grant Duration Not Mentioned
Details:
Funding Information
Individual Eligible Projects must have a proposed minimum funding request of $250,000; there is no maximum funding request.
Eligible Projects
There are two categories of Eligible Projects:
- Capital Improvements
- Capital Improvements, examples of eligible projects include:
- 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.
- Potential uses of funds include construction costs; acquisition of land (subject to procedures required by state law); and fixtures, furniture, and equipment. Professional services (engineering, architecture, consultants project management etc..) and other “soft costs” may be funded however, the Administrator’s preference is to minimize such costs, in keeping with best economic development practices. However, early-stage or conceptual Capital Improvement projects may be eligible for CIF funding to support community outreach and project pre-development, provided that the applicant presents a robust plan for the use of such funding to result in a shovel-ready proposal.
- Capital Improvements, examples of eligible projects include:
- Planning
- Eligible activities to be funded include community engagement processes, feasibility studies, sustainability analysis and planning, development of project plan, conceptual drawings construction budget documents and environmental reports.
Eligibility Criteria
Eligible Applicants include (i) municipalities which are designated in state law as either Public Investment Communities or Alliance Districts; (ii) community development corporations which serve one or more such municipalities; and (iii) not-for-profit organizations which serve one or more of such municipalities.
Criteria for Priority Given to Certain Projects
As required by the Statute, the Board shall give priority to eligible projects for any of the following reasons:
- The application is proposed by a municipality that (A) has implemented local hiring preferences pursuant to section 7-112 of the General Statutes, or (B) has or will leverage municipal, private, philanthropic or federal funds for such project; or (C) includes a letter of support for the proposed eligible project from a member or members of the General Assembly in whose district the eligible project is or will be located.
- The application (D) has a project labor agreement or employs or will employ ex-offenders or individuals with physical, intellectual or developmental disabilities.
For more information, visit DECD.
