Program Designed To Combat Municipal Blight and Spark New Investments; Will Prioritize Projects Addressing Damage From July 15-16 Storms
Letters of Intent Due by Wednesday, October 23 – More Information Will Be Available Here
Webinar for Potential Applicants Scheduled for Wednesday, September 25 – Register Here
Governor Kathy Hochul today announced that applications for the $50 million Round 9 of the Restore New York Communities Initiative grant program will launch on Monday, September 23. The funding, which was included as part of the FY25 Enacted Budget, supports municipalities’ efforts to demolish, rehabilitate, and restore blighted structures and transform them into vibrant residential, commercial, and mixed-use developments. The program is administered by Empire State Development (ESD) and, in this round, priority will be given to projects designed to address recovery efforts related to tornado and storm damage that occurred on July 15-16, 2024.
“We are revitalizing communities across New York State through the Restore New York Communities Initiative – giving towns and cities the chance to build a future that is safer, more affordable, and more livable,” Governor Hochul said. “With Upstate municipalities still working to recover from major damage caused by July’s extreme weather, we’re prioritizing those projects and looking to other transformational opportunities that will better the lives of residents and businesses everywhere.”
The goal of Restore New York is to help municipalities attract residents and businesses by redeveloping residential, commercial, and mixed-use properties. Each project should align with the strategic plan of the community's Regional Economic Development Council and projects should be either architecturally consistent with nearby properties or the municipality's local revitalization or urban development plan. Communities interested in applying are encouraged to register here for ESD’s instructional webinar, scheduled for Wednesday, September 25. An intent to apply form must be received by ESD by Wednesday, October 23. The program application and guidelines will be available Monday at https://esd.ny.gov/restore-new-york.
Empire State Development President, CEO and Commissioner Hope Knight said, “Restore New York is a pillar of Governor Hochul’s community revitalization efforts and promotes projects that address urban decay to promote vibrant neighborhoods and new and dynamic housing. The funding awarded to municipalities through this program is vital to generating new investments that welcome visitors and new residents and support regional economic growth.”
Read the full press release here.