Latest news with #CommunityInvestmentFund
Yahoo
7 days ago
- Business
- Yahoo
New Haven officials mark start of deal at Continuum of Care with ribbon cutting
NEW HAVEN, Conn. (WTNH) — More than a hundred clients of Continuum of Care will be able to keep living right where they have been for years. That, despite their landlord looking to sell to an out-of-state developer. Friday morning, New Haven officials cut the ribbon marking the start of a new deal for Continuum. Connecticut Job Corps centers to pause operations in June Most ribbon cuttings mean big changes are coming. This one was designed to keep things mostly the same. At one apartment complex on Ella Grasso Boulevard and another one on Blake Street, more than 100 people and families rent apartments with the help of the Continuum of Care. Continuum helps folks dealing with mental health, developmental, and addiction issues, and the homelessness that often goes with them. 'Continuum offers a full array of services for individuals, including crisis stabilization, residential treatment, supervised apartments, supportive housing,' Jim Farrales, the President & CEO of Continuum of Care, said. The landlord who had been renting all those apartments to Continuum clients for all those years told Continuum they were looking to sell. A buyer from New York was interested. Continuum knew that meant the new landlord was probably going to jack up the rents. So, the continuum went to local officials, who worked with the State Department of Housing and the Department of Economic and Community Development. DECD has something called the Community Investment Fund 'It's not just for economic development projects,' Deputy Commissioner Matthew Pugliese of the Department of Economic and Community Development, said. 'It's for projects in communities that are going to help support the people that are underserved in those communities.' That money, along with other public and private funding, helped Continuum buy the two apartment complexes. That means all those people and families can stay right where they are, in apartments they can afford, with case workers on site to help them stay on track. 'This supportive housing model is designed to help individuals have the support they need to successfully live full lives here in the community,' Continuum's Farrales said. Some things will actually change. Continuum plans to upgrade and renovate many of the units. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hamilton Spectator
27-05-2025
- General
- Hamilton Spectator
New Ecology Camp launches in Prince Rupert to connect children with nature
Children aged 6 to 12 in Prince Rupert will have a new way to explore the outdoors this summer through a fresh initiative designed to foster a deeper understanding of North Coast's rich natural environment. With support from Trigon Terminal's Community Investment Fund, the North Coast Ecology Centre Society (NCECS) is launching a series of multi-day Ecology Camps. The program will combine interactive learning with outdoor fun. Guided by experienced staff, participants will get hands-on experiences with local marine life at the NCECS's pop-up Ecology Centre while also participating in games, nature walks, and science-based activities across Prince Rupert's unique ecosystems. 'We live in an incredibly beautiful and ecologically diverse part of the world,' said NCECS Chair, Sandra Penner. 'But we often take the amazing things that are in our own backyards for granted. Through this program, we will give local children a better appreciation of the natural riches around us, and how we can responsibly enjoy and help conserve them.' The summer program will follow an in-school delivery model to local elementary students. It will include four sessions in July, each running Monday to Wednesday from 1 p.m. to 4 p.m. Themes include 'Coastal Connections: Life along the Water' and 'Shoreline to Deep Water.' Trigon says additional intakes will be offered later in the season, depending on staff availability. 'One of our core objectives at Trigon is to make sure we are operating with full consideration for surrounding ecosystems,' said Craig Olley, Trigon's President. 'That is done through both our responsible day-to-day operations, as well as special projects, like the marine habitat enhancements we made while building our second berth. We're pleased to extend that commitment to help build ecological awareness among local children.' The NCECS continues to run seasonal programming and operates a pop-up Ecology Centre in Cow Bay, now in its third summer. The society is also working towards establishing a permanent ecological education facility in the region. People interested in additional details and registering for the Ecology Camps can visit .
Yahoo
12-04-2025
- Business
- Yahoo
CT Gov. approves $10M for Enfield Mall redevelopment
ENFIELD, Conn. (WWLP) – Connecticut Governor Ned Lamont announced Friday the approval of $77 million in state funding for 35 economic development projects, one of them including the 'Enfield Marketplace project.' 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. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15-03-2025
- Business
- Yahoo
Scottish council approves £1.7 billion 'to revitalise towns'
A SCOTTISH council has agreed its biggest-ever capital investment programme to revitalise towns, schools, housing, roads, and community facilities. North Lanarkshire is set to commit £1.685 billion over the next five-years with the aim to attract new businesses and investment into the area. Councillor Jim Logue, leader of the council, hailed the investment as a 'transformational step' to improve infrastructure and town centres. 'This level of record-breaking funding is a transformational step to reshape North Lanarkshire and is like no other in Scotland,' said Logue. 'We are ensuring that our communities benefit from high-quality schools, improved transport links and revitalised town centres, making North Lanarkshire the place to live, learn, work, invest and visit.' The Strategic Capital Investment Programme 2024/25 to 2028/29 report was presented to councillors at a policy and strategy committee meeting earlier this week, and outlines key aims the council is seeking execute. The investment plan includes: £347 million for new town and community hubs, towards new projects in Abronhill, Glenboig and Ravenscraig £41m to improve schools, cultural spaces and leisure facilities, including a strategic review of swimming pools £95m for city deal infrastructure, including the East Airdrie Link Road £45m for town centre regeneration, with a focus on redeveloping Cumbernauld £37m to improve roads, bridges and flood defences £18m for parks, including the redevelopment of Strathclyde Park Watersports Centre £23m for digital and business system upgrades £13m to support local community boards and community asset transfers A key part of the investment programme is the Community Investment Fund (CIF), which has allowed the council to unlock additional funding for local regeneration. The fund is supported by a proportion of council tax increases. The council's Housing Revenue Account (HRA) capital programme will also see a further £829m invested in existing and new housing stock over the next five years. Logue added: 'This programme reflects our ambition to grow North Lanarkshire's economy. 'We are creating thriving schools, stronger businesses, and well-connected communities. The Community Investment Fund plays a vital role in ensuring we can continue to deliver these improvements, providing a sustainable way to invest in our future. 'This is about long-term sustainability. We are laying the foundations for future generations while creating jobs and boosting local businesses today.'
Yahoo
10-03-2025
- Business
- Yahoo
State development fund could bring $10M boost for CT mall redevelopment. Here's where.
Plans for a redevelopment of the languishing Enfield Square mall could get a crucial $10 million boost from a state economic development fund that could help lay the groundwork for razing the old mall and replacing it with apartments, hotels and new retail space. The grant for the mall development is one of 35 totaling $77 million that will be considered Tuesday by the board of the state's Community Investment Fund. The fund, which seeks to foster economic development in traditionally underserved communities, approves grants on a competitive basis. The CIF board also is expected to vote on $250,000 for the city of Hartford to begin planning for a major, $200 million redevelopment of the decaying One Talcott Plaza complex between Capital Community College — the former G. Fox & Co. department store building — and the burgeoning North Crossing redevelopment around Dunkin' Park, the city's minor league ballpark. The city had sought a CIF grant of $22.3 million to demolish the One Talcott complex to make way for the redevelopment. The project would be anchored by a regional bus transit center, apartments, a park, underground parking and storefront space built on a parking lot to the west of the vacant One Talcott complex. The redevelopment would form a public-private partnership between the state — half of the project would involve the bus hub — and the property owners. The site is owned is owned by Hartford-based LAZ Investments, an arm of parking giant LAZ Parking, and Shelbourne Global Solutions LLC, of Brooklyn, N.Y., downtown Hartford's largest commercial landlord. The city of Hartford did not immediately respond to a request seeking comment. In Enfield, the $10 million would be used for preparing the site — the grant primarily for drainage systems dealing with storm water — for a new $250 million redevelopment that would unfold in stages. A developer, Nebraska-based Woodsonia Real Estate Inc., has an agreement to purchase the mall property from its current owner, Namdar Realty Corp. 'It's a huge shot in the arm for the center of commercial district here in Enfield,' Sen. John Kissel, R-Enfield, said Monday. 'I have high hopes. Not only is it commercial and retail but there's residential — mixed-use. It really seems to be the way of the future.' Initially, $20 million was sought for the Enfield project, but those efforts were unsuccessful. If funds are approved by the CIF board, they still must be backed by the State Bond Commission. Kenneth R. Gosselin can be reached at kgosselin@
