This Friday, September 15th, 2017 is the launch date for the 5th Round of RESTORE NY Communities Initiative (“RESTORE NY”) funding. A total of $80 million has been allocated for municipalities state-wide.
RESTORE NY provides financial assistance to municipalities to support economic development and neighborhood revitalization efforts such as can be realized through rehabilitation, reconstruction, deconstruction or demolition of blighted (vacant/abandoned/condemned/surplus) structures. Grants can also be used for site development needs including water, sewer and parking, with a strong emphasis on projects in economically distressed areas.
Only municipalities - cities, town and villages - are eligible to apply for this program.
Empire State Development is holding informational sessions for interested municipalities in Schenectady, Rochester and Hempstead beginning on September 25th as follows:
Monday, September 25 at 10 a.m.
Proctors GE Theatre
432 State St., Schenectady, NY 12305
Parking garage located at 220 Broadway
Tuesday, September 26 at 1 p.m.
Monroe Community College
Warshof Conference Center, Empire Room
1000 E Henrietta Rd., Rochester, NY 14623
Parking available in Lot N
Friday, September 29 at 10 a.m.
David S. Mack Student Center, Multipurpose Room
1000 Fulton Ave., Hempstead, NY 11549
Parking available in East Circle Lot
Those unable to attend any of the sessions can join a live webinar on Monday, September 25 at 10 a.m. To register, please contact ESD at RestoreNY@esd.ny.gov.
Applications and related materials will become available online at http://esd.ny.gov/restore-new-york. The intent to apply is due by Friday, October 13, 2017 and the application deadline is Friday, December 15, 2017.