Affordable Housing, Announcements, Community Development, State News

Gov. Malloy Announces Main Street Funding for Municipalities

 

Gov. Dannel P. Malloy has announced that the Connecticut Department of Housing is accepting applications from eligible towns interested in applying for a second round of grants under the state’s Main Street Investment Fund. The program, launched in 2012, provides grants to municipalities for infrastructure renovations and improvements to town commercial centers.

“The Main Street Investment Fund helps state government build a solid and trusted working partnership with smaller communities that are striving to strengthen their commercial centers, and attract additional businesses and jobs,” Gov. Malloy said.  “While our state experienced one of the best years in decades for job creation last year, we still have more work to do.  Improving and upgrading our town centers to ensure they are livable, walkable communities will lay the foundation for sustainable economic activity.”

Towns can use the funding for a variety of projects, including:

  • Building renovations
  • Improved street lighting
  • Sidewalk construction
  • Signage
  • Recreational space, or other renovations deemed necessary to contribute to the economic success of a municipality.
  • The program also provides financial incentives to the owners of commercial private properties for eligible expenditures that directly support and enhance a municipality’s eligible project.

In July 2013, Governor Malloy and DOH Commissioner Evonne Klein announced the recipients of the program’s first round of grants, which totaled $4.9 million.

Click here to read the press release. 
 

 
 

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