Newest funding round includes grants, loans
HARTFORD — The state’s Department of Economic & Community Development (DECD) has awarded more than $16 million in loans and grants for several brownfield projects throughout the state.
“Cleaning up Connecticut brownfields is an important component of our economic development agenda. These contaminated sites are a blight to their communities and significantly damper development and prosperity for adjacent sites,” said Gov. Dannel P. click here. “Investing in these redevelopment efforts is smart policy — we create jobs and thriving communities, expand our tax base, and clean up pollution in Connecticut.”
This round of awards includes $8,689,000 in loans and $7,500,000 in grants for projects encompassing commercial and industrial remediation and expansion; affordable, disabled, student and workforce housing; train stations and transit-oriented development (TOD); and mixed-use developments with hotel, residential and retail space. State officials estimate that the funding will leverage more than $300 million in additional private generic ativan public investment.
Funding will go directly to municipalities, businesses, developers and regional development agencies and can be used for environmental assessment, planning, design, remediation, demolition, construction and acquisition. The state also offers a third-party liability protection program for eligible developers of brownfields.
Grants awarded for local projects include $500,000 for investigation and remediation at 34 Lloyd St., New Haven; $500,000 for soil remediation at the former Housatonic Wire plant in Seymour; and $325,000 for soil remediation at the former Cel-Lastik property in Shelton.
“There is a renewed commitment for brownfield redevelopment in Connecticut, and DECD is leading the way,” said DECD Commissioner Catherine Smith. “In the last six months we’ve gotten more than $33 million in brownfield funding out the door to our cities and towns and other parties that are helping to capitalize on the economic potential of these sites. Cleaning up these sites so they are ready for redevelopment is vital to our efforts to spur economic activity and make our communities more vibrant and accessible.”
For more information about the application process or other brownfield redevelopment programs visit DECD’s Office of Brownfield Remediation & Development (OBRD) at ctbrownfields.gov.
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