CT Gov. approves $10M for Enfield Mall redevelopment
The funding, approved by the State Bond Commission, aims to revitalize historically underserved communities through a wide range of infrastructure housing, and economic development initiatives.
The largest allocation this round–$10 million– has been awarded to the Town of Enfield. In collaboration with Woodsonia Acquisitions LLC, Enfield will use the funds for the 'Enfield Marketplace Infrastructure' project, a mixed-use development designed to inject new energy and economic vitality into the area. The project includes the installation of essential infrastructure to support residential, commercial, and public space enhancements.
'Through this grant program, we are helping municipalities throughout Connecticut make improvements in underserved areas that will enhance their economic vibrancy and revitalize neighborhoods,' Governor Lamont said in a statement. 'I am glad that we can partner with these towns and cities and other organizations to make these improvements that will drive growth in our state.'
Senate President Looney praised the program's long-term vision. 'These grants are targeted investments to uplift underserved communities, assist struggling nonprofit social service organizations, promote equity, and spur long-term economic growth across Connecticut,' he said.
Speaker Ritter added, 'Investing in transformational projects can provide a huge boost to nonprofits, communities, and even entire regions of Connecticut.'
Created in 2022, the Community Investment Fund is a multi-year initiative designed to distribute up to $875 million in grants over five years. Eligible projects include capital improvements such as affordable housing development, brownfield remediation, infrastructure upgrades, and support programs for small businesses, including revolving loans and start-up financing.
Click here for a full list of approved projects and more information on the CIF program.
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