The Community Investment Fund 2030 (CIF) will foster 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, infrastructure, clean energy development, and home or public facility rehabilitation
- Small business capital programs, including revolving or micro loan programs, gap financing, and start-up funds to establish small businesses
- Planning for capital projects including activities such as community engagement processes, feasibility studies, development of project plan and construction budget.