The Connecticut Department of Economic and Community Development’s (DECD) has announced availability of $25 million of funding under three state programs and is inviting applications for same.
The deadline to submit applications to DECD for this funding round is Noon on Friday, March 1, 2024.
The three programs include:
- Municipal Brownfield Grant Program – funding for this program is available to municipal applicants for costs associated with investigating, remediating, and developing a “brownfield.” DECD encourages public-private partnerships and has the ability to structure pass-through grants from eligible municipal applicants to private partner entities.
- Targeted Brownfield Development Loan Program – this program is designed to provide low-interest loans for eligible costs of brownfield remediation projects to potential brownfield purchasers and certain current brownfield owners who are not directly responsible for property conditions and are seeking to revitalize such brownfield.
- Brownfield Area-Wide Revitalization (BAR) Planning Grant Program – this program is aimed at helping eligible applicants (municipalities, land banks, economic development agencies and the like) develop comprehensive implementation plans for transforming underutilized neighborhoods burdened with brownfield properties into coveted community assets.
More information and details regarding these programs and this funding round is available here.
Please contact our Environmental group if you would like to discuss how these funding opportunities may assist with your redevelopment goals.
This information is for educational purposes only to provide general information and a general understanding of the law. It does not constitute legal advice and does not establish any attorney-client relationship.