Last week, Gov. Dannel Malloy announced the award of $27 million in grants and loans that will fund 20 remediation and redevelopment projects throughout Connecticut. This is the fifth round of brownfield funding spearheaded by the Connecticut Department of Economic and Community Development (DECD).
The awards comprise 14 grants to municipalities and economic development agencies, totaling over $20 million, and six loans to project developers and owners and a municipal agency, totaling over $6 million. In his press release, Gov. Malloy noted that most projects awarded funding in this round include a housing component (both market-rate and affordable housing) as part of their redevelopment plans.
The governor also stated that, with this round of awards, Connecticut has allocated nearly $90 million in state money to brownfield funding since 2011. He compared this amount to the $190 million invested nationally by the U.S. Environmental Protection Agency since 1995.
Among the larger of DECD's fifth-round awards were:
The ABA recently published the 25th Edition of The Property Tax Deskbook.
Day Pitney Alert
Day Pitney Alert
New Jersey real estate partner Craig Gianetti will participate in a robust webinar hosted by the New Jersey Builders Association, exploring the multitude of issues that builders and business owners face due to the COVID-19 health emergency.
On January 28, Day Pitney hosted the New England Women in Energy and the Environment (NEWIEE) Boston Chapter's Off-Shore Wind Networking Event at the firm's Boston office.
Day Pitney Press Release
On July 15, the New Jersey Supreme Court issued its much awaited decision in Christian Mission John 3:16 v. Passaic City. The court granted certification on an appeal from the Appellate Division, which affirmed a decision of the Tax Court rejecting a property tax exemption for a church in the City of Passaic.
Craig Gianetti, a partner in Day Pitney's Real Estate & Land Use group, has been elected to serve as Chair of the Land Use Law Section of the New Jersey State Bar Association (NJSBA).
Craig Gianetti is featured in a Market Forecast special section in the January 2020 issue of Real Estate New Jersey.
Day Pitney LLP announced today that April F. Condon has joined the firm as a partner in the Real Estate and Environmental group in its Stamford office. She joins from Robinson & Cole LLP.