Restore New York Communities Initiative
The Restore New York Communities Initiative provides municipalities with financial assistance for revitalization of commercial and residential properties. The program encourages community development and neighborhood growth through the elimination and redevelopment of blighted structures.
The Restore New York program was established to
- revitalize commercial and residential property;
- attract residents and business; and
- increase tax base, make communities economically viable.
A $300 million appropriation was enacted in the 2006-07 New York State Budget for the Restore New York program, rolled out in three rounds:
- Round I - $50 million appropriated in 2006; 54 grants awarded
- Round II - $100 million appropriated in 2008; 64 grants awarded
- Round III - $150 million appropriated in 2009; 79 grants awarded
The 2015-16 State Budget enacted the Restore New York's Communities Initiative and gave Empire State Development Corporation the responsibility of implementing this program for the sole purpose of revitalizing urban areas and stabilizing neighborhoods.
Restore New York funding is available for projects involving the demolition, deconstruction, rehabilitation and or reconstruction of vacant, abandoned, condemned and surplus properties.
- be initiated by municipalities;
- demonstrate at least a 10% match; and
- hold a public hearing to discuss the application and the property assessment list.
Applications are initially evaluated at the regional level.
Applications are scored against specific guidelines and how strongly they meet goals of program, which are to:
- revitalize urban centers
- induce commercial investment
- improve the local housing stock
There is also a strong emphasis placed on projects from economically distressed communities.
What You Need to Apply
- Restore NY Guidelines
- Intent to Apply Form (Due July 13: ATTENTION - no application will be accepted unless this form has been submitted)
- Restore NY Application Packet Part A
- Restore NY Application Packet Part B
- CFA Application
- SHPO Review Portal
- Information Session Presentation
- Economically Distressed Areas
- Urban Centers
Intent to Apply Form Due:
Wednesday July 13, 2016 5:00PM
Final Application Due: Monday, October 3, 2016 3:00PM
Program Launch: Monday June 20, 2016
Information Session: Monday June 27, 2016 1:00PM
Student Center, Multipurpose Room West
1000 Fulton Ave, Hempstead, Long Island
Parking available in East Circle Lot
Information Session: Tuesday June 28, 2016 10:00AM
Proctors, GE Theatre
432 State St, Schenectady
Parking garage located at 220 Broadway
Webinar: June 28 10:00AM
If you cannot attend any of the sessions, the June 28 presentation will be live cast via web.
For a link to attend, email email@example.com
Information Session: Wednesday June 29, 2016 1:00PM
Monroe Community College
Warshof Conference Center, Empire Room
1000 E Henrietta Rd, Rochester
Parking available in Lot N
Intent to Apply Form: Wednesday July 13, 2016 5:00PM
Final Application Due: Monday October 3, 2016 3:00PM
Contact your ESD Regional Office.