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City of Albany Announces Funding Programs for Residents and Businesses Impacted by COVID-19 and Riots

June 02, 2020

Date: June 2, 2020
Contact: David Galin
(518) 801-2857

ALBANY, NY – On Monday, Albany Mayor Kathy Sheehan, Albany Community Development Agency Director Faye Andrews, and Capitalize Albany Corporation President Sarah Reginelli announced a series of programs designed to provide funding to individuals and businesses in the City of Albany directly impacted by COVID-19 and Saturday’s riots.

“Our city and our entire country have been hurting in many ways over the last three months as a result of COVID-19,” said Albany Mayor Kathy Sheehan. “Our residents and our businesses have struggled to obtain food and day care, and pay their rent or mortgage, and these programs will help support our residents and businesses as we continue through the reopening phases. Some of our businesses that were already hurting from COVID-19 have suffered significant losses from the riots that occurred on Saturday, and we must come together at this difficult time to assist the business owners who are the backbone of our community. Thank you to both Albany Community Development Agency Director Faye Andrews and Capitalize Albany Corporation President Sarah Reginelli for their quick coordination and efforts to support our residents and our businesses.”

A video of Monday’s announcement can be found by visiting: https://www.facebook.com/AlbanyMayorKathySheehan/videos/337828370558633/

Albany Community Development Agency Programs:
In response to COVID-19, the U.S. Department of Housing and Urban Development (HUD) notified the City of Albany that it will receive a Community Development Block Grant Fund (CDBG-CV) allocation to be used to prevent, prepare for, and respond to the coronavirus (COVID-19). After the announcement of that funding, the City of Albany distributed a community-wide survey that was completed in March to help direct funding priorities.

The City of Albany has created a number of funded program for residents and businesses, including:

$400,000 (grants of up to $15,000)
  • Provision of meals, groceries and other necessities to Albany residents impacted by the COVID-19 Virus
  • Provision of PPE and/or cleaning supplies to low income residents
  • Provision of broadband, WiFi, and/or electronic devices to low income youth/families so that distance learning can continue without access to school buildings, libraries and other facilities
  • Outreach to vulnerable populations to provide health education and services related to the COVID-19 pandemic
$300,000 (grants of up to $60,000)
  • Opportunities for summer camp/day care for low to moderate income youth in the City of Albany
$250,000
  • Organizations to provide rental/mortgage assistance to City of Albany residents
Guidelines for the funding can be found here. Residents and businesses can apply for funding online here or download a hard copy of the application here. Applications will be accepted through June 30 on a rolling basis.

Funding information can also be found at https://www.albanyny.gov/Government/Departments/ACDA.aspx

Anyone who wishes to complete a hard copy of the application will need to make arrangements with ACDA to drop it off at the office at 200 Henry Johnson Boulevard.  Please email Faye Andrews at fandrews@albanyny.gov to arrange a time to submit an application.

Capitalize Albany Corporation Programs:
In response to the damage done to numerous City businesses over the weekend, applications will be made available as part of an emergency response using the City of Albany Small Business Façade Improvement and Retail Grant programs administered by Capitalize Albany Corporation. Application fees and investment match requirements will be waived to ensure there are no impediments to local businesses most at risk — minority or women owned businesses and those that were directly impacted by the recent violence.

“Throughout the pandemic Capitalize Albany Corporation has focused on providing support to local businesses to help them survive the crisis and prepare to play a key role in rebuilding the local economy,” said Capitalize Albany Corporation president Sarah Reginelli. “This emergency round of funding is in keeping with our ongoing business support efforts, and is specifically designed to address an unexpected and unfortunate setback that we are confident our resilient local business community will overcome by pulling together to work toward the ultimate goal of a thriving City.”

This round of programming can provide grants up to $10,000 to small businesses and/or commercial property owners for exterior renovations or repairs as part of this emergency response. Local business owners are encouraged to contact Capitalize Albany as other improvements may also be considered for support. Examples of exterior renovations may include, but not be limited to: Repair of signs, lighting, windows, awnings, storefronts and entrances, doors, brickwork, painting and repair of decorative details.

Additional details will be made available this week, along with the posting of a program application and guidelines on the Corporation’s website at http://www.capitalizealbany.com/.

Capitalize Albany was able to respond to local needs and make this funding available quickly by adapting existing capital improvement programs administered by Capitalize Albany and funded through the Capital Resource Corporation that had been put on hold as a result of the COVID-19 pandemic. At the City’s request, Capitalize Albany Corporation has also established a Go Fund Me campaign to allow the greater Albany community to contribute to the façade program. More details on how to contribute can be found on the Capitalize Albany website.

To obtain an application, learn more about the program’s guidelines or answers to general questions, business owners can contact the City’s economic development organization, Capitalize Albany Corporation at development@capitalizealbany.com, through Virginia Rawlins at 518-434-2532 x 25 or visit www.CapitalizeAlbany.com/grants.

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