The Connecticut Department of Housing recently opened applications for the second round of grants under the state’s Main Street Investment Fund. The program, which launched in 2012, provides funding for eligible municipalities that want to renovate their commercial centers to attract small businesses, encourage commercial activity and increase job opportunities.
“Improving and upgrading our town centers to ensure they are livable, walkable communities will lay the foundation for sustainable economic activity,” said Gov. Dannel Malloy in a written statement.
Towns can use the funding on a variety of projects, including building renovations, street lighting, signage installations, sidewalk re-pavements, and the creation of green spaces. The program provides financial incentives for commercial private property owners who spend money on improvements that align with the town’s renovation projects.
“This is a vital program in the state”™s community development toolbox that we use to help fund important local projects with significant economic implications,” said Department of Housing Commissioner Evonne Klein in a press release. “It is important for local leaders and economic development officials to know the funding exists and there is still time to apply.”
Municipalities with fewer than 30,000 residents are eligible to apply for the Main Street Investment Fund. Towns that are eligible for the state”™s Small Town Economic Assistance Program can also apply. Grants of up to $500,000 are available.
Last year, the program’s grants totaled $4.9 million, according to Malloy and Klein.
Application forms and instructions are available online.
For additional information, contact Dimple Desai, community development director with the department of housing, at (860) 270-8012. The grant application deadline is May 30 at 4 p.m.
