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Resource: Summit

Addressing Blight and Vacancy on Main Street Summit 2024: Blighted and Vacant Properties

Addressing Blight and Vacancy on Main Street Summit 2024: Blighted and Vacant Properties

Presentation Summary

Rista Malanca, Director of Community and Economic Development at NHCOG, discusses updates to two important pieces of recent legislature concerning blight and littering:

Regarding PA 19-92, her presentation defines a party of interest and explains how one can file a claim to receive ownership of an abandoned/blighted property. Later, she provides an analysis of PA 23-33 that includes updated language on the maximum daily penalties municipalities can assess for blight under their general powers and the increased state littering fine.


What is Tax Increment Financing?


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About Our Presenter

Rista Malanca

Director of Community and Economic Development at Northwest Hills Council of Governments (NHCOG)

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Addressing Blight and Vacancy on Main Street Summit 2024: State Historic Preservation Office (SHPO)

Addressing Blight and Vacancy on Main Street Summit 2024: State Historic Preservation Office (SHPO)

Presentation Summary

Julie Carmelich, Historic Tax Credit Administrator, State Historic Preservations Office (SHPO), will discuss several tax credit programs offered by SHPO applicable to historic rehabilitation efforts including:

She will also present on the environmental benefits of historic preservation and other grant opportunities from SHPO.


What is Tax Increment Financing?


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About Our Presenter

Julie Carmelich

Historic Tax Credit Administrator, State Historic Preservations Office (SHPO)

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Addressing Blight and Vacancy on Main Street Summit 2024: C-PACE for New Construction

Addressing Blight and Vacancy on Main Street Summit 2024: C-PACE for New Construction

Presentation Summary

Peter Ludwig, Senior Manager of Market Engagement at CT Green Bank, presents on the CT Green Bank C-PACE for New Construction program.

The C-PACE for New Construction program (Commercial Property Assessed Clean Energy) offers financing available to commercial properties for GREEN solutions and low-cost, long-term funding (up to 25 years). The owner repays over time through a senior assessment placed on the property. The assessment stays with the property regardless of ownership. This presentation also includes information on eligible and ineligible costs for C-PACE financing.


What is Tax Increment Financing?


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About Our Presenter

Peter Ludwig

Senior Manager of Market Engagement at CT Green Bank

Contact Info

Website:

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Addressing Blight and Vacancy on Main Street Summit 2024: reSET

Addressing Blight and Vacancy on Main Street Summit 2024: reSET

Presentation Summary

Sarah Bodley, Executive Director, reSET co/BL&D, will present on the ways that reSET is a resource in retail incubation, launching and propelling social enterprises and other entrepreneurial initiatives to occupy vacancies on Main Street.

Her presentation will highlight successes with Connecticut businesses such as Blue Earth Compost, Charlie’s Traveling Treat Truck, and the Hartford Culinary Collaborative.


What is Tax Increment Financing?


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Other Resources


About Our Presenter

Sarah Bodley

, Executive Director at reSET

Contact Info

Website:

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Addressing Blight and Vacancy on Main Street Summit 2024: Fighting Blight with TIF

Addressing Blight and Vacancy on Main Street Summit 2024: Fighting Blight with TIF

Presentation Summary

Tax Increment Financing (TIF) uses new/incremental real property tax revenue generated from new development and increased value to repay costs of the project or improvements to the TIF District.

In this presentation, Michael Andreana, Attorney, Pullman & Comley, will discuss the ways that TIF revenues can be used to fight blight, requirements for establishing a TIF district, and the basic components of a Master TIF District Plan.

Presentation Highlights


What is Tax Increment Financing?


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About Our Presenter

Michael J. Andreana

, Attorney at Pullman & Comley LLC

Contact Info

Website:

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