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The town of Fairfield, Conn., is considering turning down a $3 million state grant to clean up a Superfund sitebecause it wants developers to agree to higher wages, affordable housing, and state control over the property, the Hartford Courant reports.
The state in June awarded a $3 million grant to clean up low-level PCB contamination at the former Brownfield factory, where old storage tanks used to heat the plant once sat.
But the developers, Post Road Residential, say they're balking at three conditions: increased wage rates, affordable housing requirements, and state control over the property.
The affordable housing requirement requires developers to set aside 20% of apartments for households making 80% of the area median income, or 10% for households making 50% of the area median income, according to the state's affordable housing policy.
The state also requires that the project team enter into a "Negative Pledge" contract, meaning they can't sell, lease, or transfer the property without approval from the state department commissioner for the first 10 years of the contract, which could add $25 million to the project's cost, the Courant reports.
But Fairfield officials say they're leaning toward turning down the grant because they want the project to move forward.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Haril Kazindra and wife Andrea are the co-founders of Musana, a community development NGO that runs 19 social enterprises across Uganda.Musana has offices in Denver and London and employs 700 staff,...more
Foundation: Lilly Endowment
All In Kosciusko exists to promote and accelerate the economic and community development already happening across the county.Concerns about economic diversification, talent retention and quality of...more
The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more
Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more
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Wells Fargo Foundation
New Hampshire Charitable Foundation
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Social Entrepreneurship
Spotlight
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
