The Restore New York Communities Initiative (“Restore NY”) is a program designed to provide municipalities with financial assistance for the revitalization of commercial and residential properties. The initiative is administered by Empire State Development (ESD) and has recently announced its seventh round of funding. The Chain Works project, for example, has been in the making for almost a decade and the Restore New York grant will only partially cover the costs of the first phase of the project. The city has applied for several rounds of funding from Restore New York in the past and has been awarded four out of six times.
The Restore NY program is open to all municipalities in New York State and provides funding for projects that involve the demolition, deconstruction, rehabilitation and reconstruction of empty, abandoned, dilapidated, or leftover properties. The program is designed to help communities restore their infrastructure and create jobs in the process. The Restore NY program is a great opportunity for municipalities to revitalize their communities and create economic growth. The program provides funding for projects that will help improve the quality of life in communities across New York State.
The Restore NY program is an important part of the state's efforts to revitalize its communities and create economic growth. By providing financial assistance to municipalities, the program helps to create jobs and stimulate economic activity in local communities. The Restore NY program is an important tool for municipalities to use in order to revitalize their communities and create economic growth. By providing financial assistance to municipalities, the program helps to create jobs and stimulate economic activity in local communities.
