STATE SENATOR MARTHA MARX WELCOMES $750,000 IN COMMUNITY INVESTMENT FUND SUPPORT FOR NEW LONDON, MONTVILLE

State Senator Martha Marx (D-New London) welcomed today’s announcement that the Community Investment Fund will provide $750,000 in funds to support New London and Montville. New London received funds for planning for renovations at Gordon Court and funds supporting the Southeastern Council on Alcoholism and Drug Dependence, Inc.’s New London Recovery Community. Montville received a grant for an investment plan for Route 32.

“It’s wonderful news that our region will receive this important funding for community-supporting projects like these,” said Sen. Marx. “I’m grateful to the Community Investment Fund’s leadership for their vision and dedication to our state’s cities and towns, as these projects offer new resources and relief for local residents.”

The CIF will release $250,000 for each of the three projects. Planning at Gordon Court is coming after the New London Housing Authority is seeking to replace an existing apartment complex with a new structure with 84 apartments to meet the needs of senior and disabled residents. The New London Recovery Community offers aid and recovery resources to people suffering from addiction and their family, friends and allies.

The Montville funding will support studying of development opportunities along Routes 32 and 163, seeking ways to create housing to support local businesses and local residents.

The Community Investment Fund 2030 (CIF) fosters economic development in historically underserved communities across the state. CIF will provide a total of up to $875 million to eligible municipalities as well as not-for-profit organizations and community development corporations that operate within them.

Grants are available for capital improvement programs, such as brownfield remediation, affordable housing and home or public facility rehabilitation; small business capital programs, including revolving or micro loan programs, gap financing, and start-up funds; and planning for capital projects including activities such as community engagement processes and feasibility studies.