State-wide Portfolio Factors

As part of the eligibility determinations, applications will be reviewed for the following statewide portfolio factors including:

•              job creation and retention

•              sustainability

•              readiness to proceed

•              geographic distribution of projects

•              population of the municipality where the property is located

•              project size

•              project complexity

•              duration and degree to which the property has been underused

•              projected increase to the municipal grand list

•              consistency with municipal or regional planning objectives

•              support for principles of smart growth or transit-oriented development

•              other factors as may be determined by the Commissioner