“Unlocking economic potential for underserved communities.”
This is the purpose of Connecticut’s Community Investment Fund, according to its masthead.
The fund, administered by the state Department of Community and Economic Development (DECD), has a total five year budget of $875 million authorized by the State Bond Commission.
On December 15th, another round of hopefuls (we’re already on the fourth round) will be submitting their proposals with fingers crossed. If it’s anything like round three, the dedicated DECD staff of five will review more than 200 applications in roughly six weeks, preparing summaries for the CIF Board by the start of session in early February.
That 21-member board will have a month to review applications and make recommendations on where the cash should flow—allocating up to $175 million to qualifying applicants (municipalities,…
