The state bond commission announced the release of around $74 million in funds to support underserved communities across the state on June 7. This is fourth round of grants under the Community Investment Fund 2030m which is specifically targeted toward releasing $875 million for projects in underserved communities including affordable housing, infrastructure, public facilities, brownfield remediation, and support for minority-owned businesses.
“Each of these grants are focused on infrastructure improvement projects that will enhance the economic vibrancy of historically underserved neighborhoods and help these towns and cities revitalize their economic base,” Governor Lamont said in a statement. “I am glad that we could partner with each of these organizations on these projects so that we can drive growth in communities across Connecticut.”
Fairfield County is set to receive a significant share of the funds. Bridgeport has over $13 million earmarked for both the Washington Park Community Preservation fund and a major Brownfield remediation program overseen by the Bridgeport Economic Development Corporation.
Danbury is set to receive $1,325,000 for its South Main Street Revitalization project.
Norwalk will see over $6 million in funds, with $3 million going to improving pedestrian infrastructure in South Norwalk and the remainder going to the 45 Meadow affordable housing project.
For a detailed list of projects receiving the grants visit: https://portal.ct.gov/office-of-the-governor/news/press-releases/2024/06-2024/governor-lamont-announces-74-million-in-community-investment-fund-grants
