NYS Homes And Community Renewal Announces $5M in Awards For Main Streets

NYS Homes And Community Renewal Announces $5M in Awards For Main Streets

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21 grants made to upgrade and revitalize downtown neighborhoods across the state through Round XII of the Regional Economic Development Council Initiative.

New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas today announced that $5.3 million in grant awards have been made to municipalities and nonprofit organizations across New York to support projects that improve and revitalize Main Streets and strengthen local economies. The grants will fund façade renovations, interior commercial and upper story residential improvements, and streetscape enhancements. Funding for the New York Main Street program was included in Round 12 of the Regional Economic Development Council Initiative.

“By investing in the revitalization of Main Streets and downtown areas, we can bolster local efforts to stimulate economic growth, create new jobs, and increase housing opportunities,” said HCR Commissioner Visnauskas. “The $5 million in awards announced today will support communities across the state, especially our smaller towns and villages, through projects that will enhance the quality of life for business owners and residents for years to come.”

Lieutenant Governor Antonio Delgado said, “Vibrant and thriving Main Streets are the foundation for healthy and economically resilient communities. Through the Regional Economic Development Councils, New York is helping localities make upgrades to their unique downtown districts that promote further growth, attract additional private investment, and build more sustainable communities for the long term.”

A total of 21 grants were awarded through New York State Homes and Community Renewal’s New York Main Street program. The New York Main Street program provides financial resources and technical assistance directly to nonprofit organizations and municipalities to strengthen the economic vitality of the state's traditional Main Streets and neighborhoods through targeted commercial and residential redevelopment.

Regional Councils reviewed projects from this program and provided scores that reflect how well a project aligns with a region’s goals and strategies. Applicants utilized New York's Consolidated Funding Application, the state’s single application for state resources, which includes programs from numerous agencies. It is designed to provide expedited and streamlined access to a combined pool of grant funds and tax credits from dozens of existing programs. A full list of Round 12 awards that have been made can be found here.

A complete list of New York Main Street awards by region is below.

Capital Region

Central New York

Finger Lakes

Mid-Hudson

Mohawk Valley

North Country

Southern Tier

Western New York

New York Main Street Program

The New York Main Street program was formally established in Article 26 of New York State Private Housing Finance Law. NYMS funds are awarded to units of local government and not-for-profit organizations that are committed to revitalizing historic downtowns, mixed-use neighborhood commercial districts, and village centers. A primary goal of the program is to stimulate reinvestment and leverage additional funds to establish and sustain downtown and neighborhood revitalization efforts. NYMS grants are available for technical assistance projects or targeted improvements such as facade renovations, interior commercial and residential building renovations, and streetscape enhancement projects.

For more information on the New York Main Street program, visit HCR’s website.

About the Consolidated Funding Application

The Consolidated Funding Application was created to streamline and expedite the grant application process. The CFA process marks a fundamental shift in the way state resources are allocated, ensuring less bureaucracy and greater efficiency to fulfill local economic development needs. The CFA serves as the single-entry point for access to economic development funding, ensuring applicants no longer have to slowly navigate multiple agencies and sources without any mechanism for coordination. Now, economic development projects use the CFA as a support mechanism to access multiple state funding sources through one application, making the process quicker, easier, and more productive. Learn more about the CFA here.

About the Regional Economic Development Councils

The Regional Economic Development Council initiative is a key component of the State’s approach to State investment and economic development. In 2011, 10 Regional Councils were established to develop long-term strategic plans for economic growth for their regions. The Councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations. The Regional Councils have redefined the way New York invests in jobs and economic growth by putting in place a community-based, bottom-up approach and establishing a competitive process for State resources. Learn more at regionalcouncils.ny.gov.

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