$60 million announced in next round of Restore New York grant program

ALBANY, NY- $60 million is available for the latest round of Restore New York grant program, as applications are now available for cities, villages and municipalities to apply.

This development is according to the office of Governor Kathy Hochul. “With Restore New York, we’re putting up $60 million in funding to breathe life back into communities all across our state,” Governor Hochul said.

“This program gives municipalities the support they need to turn blighted, rundown buildings into housing, commercial hubs, and more, and any local leader ready to unlock their community’s potential should apply.”

The program, which is administered by Empire State Development, supports municipalities’ efforts to demolish, rehabilitate and restore blighted structures and transform them into vibrant residential, commercial and mixed-use developments.

Funding can be used for vacant, abandoned, condemned or surplus buildings and these properties can be demolished, deconstructed, rehabilitated or reconstructed.

Emphasis will be placed on projects in economically distressed communities, projects that leverage other state or federal redevelopment funds and the project's feasibility and readiness.

Eligible applicants include counties, cities, towns and villages within New York State based on the following criteria:

• Cities over 100,000 in population may apply for up to $4 million for one project. However, cities of over 1 million in population and counties therein must apply for projects in a distressed area of the city.

• Cities and villages with populations between 40,000 and 99,999 may apply for one project up to $3 million.

• All other municipalities may apply for one project up to $2 million.

Restore New York image.