SCHENECTADY, N.Y. — The Schenectady County Metroplex Development Authority today announced that it will start taking applications from businesses and building owners on lower State Street for façade improvement projects.
As part of the Downtown Revitalization Initiative (DRI) funding awarded to Schenectady by the State, $600,000 was set aside for façade improvements on lower State Street from Erie Boulevard to SUNY Schenectady.
Ray Gillen, Metroplex Chair said, “We look forward to deploying façade funding provided by the State to further development in the lower State Street area.”
Awards will be prioritized to properties within the target area that are blighted, underutilized, vacant or otherwise in need of façade repairs or improvements. An award may not exceed 50% of the total building renovation project cost and is reimbursable upon proof of payment of qualified expenses. Costs incurred prior to the effective date of the grant agreement are not eligible for reimbursement and not eligible as a match. Applicants will need to obtain any necessary local planning and zoning approvals and be consistent with any requirements of the State Historic Preservation Office and Housing Trust Fund Corporation.
Schenectady was awarded $10 million to implement various downtown improvement projects through the DRI Program.
Lower State Street has already seen a number of major investments including the Electric City Apartments, Frog Alley Brewing including new apartments, office space and retail, Gateway Plaza, Armory Studios, the renovated former YMCA and more.
To request an application, email email@example.com.