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Grant Resource Center - November 2014

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League Conference Session Announcement                  

"Grant Resources: Community Housing and Revitalization"
Wednesday, November 19, 2014, 10:45 a.m. - 12:00 noon
Room 421 - Atlantic City Convention Center

Developing a strategy and finding the funds to rebuild neighborhoods is one of the most challenging tasks facing many communities in New Jersey, both large and small.  This panel presentation will provide planning and funding approaches that are central to some best practices statewide.  Attendees will learn about some of the housing and neighborhood revitalization challenges facing both urban and rural communities and some of the technical and funding resources available to them.  CMFO/CCFO – 1.5 FIN/DEBT; CPWM – 1.5 GOVT; RMC – 1.5 FIN; QPA – 1.5 OFF ADMIN; CPA – 1.5 MAS

Featured Grants

State
Hurricane Sandy Coastal Resiliency Competitive Grants Program (11/14)

Federal
Cyberlearning and Future Learning Technologies:
Capacity-Building Projects (CAPs) (12/1)
Exploration Projects (EXPs) (12/19)

Featured Article

What a Proposed Energy Resilience Bank Could Mean for New Jersey’s Municipalities
Triad Associates

As the State is proposing to create the New Jersey Energy Resilience Bank (ERB) to encourage new innovation and promote energy resilience, opportunity for municipalities to gain better control over their own energy needs is one potential outcome. Establishing the ERB could help realize the development of distributed generation projects, microgrids and other resilient technology designs at critical facilities throughout New Jersey.

Additionally, the ERB could provide technical and financial support, including grants and low-interest loans, to critical facilities to realize energy resilience projects or enhancements to existing energy infrastructure. The ERB can be initially funded with CDBG-DR funds, but additional state support could be leveraged on an ongoing basis.  ERB low interest loans would enable the participation of third party developers and encourage outside capital to also fund these projects.  As a provider of a loan loss reserve, the ERB could seek financing from the private sector to ensure that the seed funding has an expansive multiplier effect.

Eligible parties to receive ERB funding will include: Water and wastewater facilities, public and not-for-profit (NFP) organizations or small business, for profit businesses (SB-FPB), hospitals, state/county colleges and universities, public long-term care facilities, state and correctional institutions and public housing community shelters.  By providing financial assistance in a variety of forms, including direct loans, loan guarantees, early stage grants and loan loss reserve coverage for private lenders, the ERB could also use grants, principal forgiveness and other direct investment to further encourage the deployment of resilient energy technologies.

Creating a new funding source that cannot only promote resilience but also increase more efficient sources of energy like fuel cells, combined heat and power, and updated solar systems.  As an added benefit, these types of upgrades can reduce monthly energy costs, emissions and rate volatility. The start-up costs have remained the key challenge in pursuing these goals. Providing these sources of energy as back-up sources in case of disaster have also proven cost prohibited. Many facilities today continue to pursue less expensive diesel-powered generators, which may not have an assured supply when needed. The ERB will have to address this expense gap in order to promote the installation of resilience enhancements to its critical facilities.

The key next steps for ERB will be to fully establish its products, processes and procedures.  Next, to open the ERB for applications following approval from U.S. Department of Housing and Urban Development.  And finally, to begin co-development of projects with early customers and begin closing its bank deals.

Grant Advisory Service
NJLM offers a free grant advisory service to its membership. This service includes general grant guidance, and is provided by Triad Associates. Contact Taran Samhammer, Bureau of Municipal Information, at tsamhammer@njslom.org or (609) 695-3481 extension 124 for more information.


*The links provided throughout the Grant Resource Center include paid and non-paid grant related services.  These links are provided for your researching convenience only; the New Jersey League of Municipalities does not endorse any of these services.  Please proceed with caution when purchasing any service.

If you find that a link is outdated, or if you have new information regarding grants that you feel might be beneficial to those who utilize our page, please notify Taran Samhammer at tsamhammer@njslom.org.

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