![]() ![]() Quick reference note, the amount available has typically been around $1.1-$1.2 million in the past few years, so 2022 is right around the multi-year average. Applicants present their projects, answer questions from IURA staff and appointed public committee members, and the proposals are weighed on factors such as the applicant’s track record, the likelihood of success, and if the project delivers the most “bang for the buck” to the Ithaca community. The highest amount of funding is typically requested for housing-related projects.Īll summed up, there’s $2,032,535 requested, and $1,132,117 available (actually $845,517 when the $166,600 to run the IURA and $120,000 for the revolving low-interest Economic Development Loan Fund are deducted), so this makes it a very competitive process for grant funds. The requests are designed to help people, or specifically to fund organizations in the community that help people in the low- and moderate-income category. The annually awarded grants are the Community Development Block Grant Entitlement Program (CDBG) and Home Investment Partnerships Program (HOME). Housing and Urban Development (HUD) grants. The Ithaca Urban Renewal Agency (IURA) will be holding public hearings on February 24th and March 3rd as part of the process to determine who will receive money from its U.S. Not only does this involve the application itself, it also involves a presentation explaining the request and answering any questions from the IURA board, which from a practical standpoint doubles as a pitch. ![]() The projects identified as having the most community benefit, the “bang for the buck”, will be the big winners. However, the calendar has moved up this year for the annual disbursement by the Ithaca Urban Renewal Agency (IURA) of state and federal grants it has been awarded. ITHACA, N.Y.-Typically, this is a March topic that comes as regularly as the spring rains. ![]()
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