Help Shape the Copake Hamlet's Proposal for $4.5 Million

WELCOME AND THANK YOU FOR SUGGESTING POTENTIAL PROJECTS FOR THE NYF PROPOSAL.
 
The Town of Copake is applying for $4.5 million from NYS to improve our Copake Hamlet. We are conducting this survey to collect information from potential sponsors of projects who would like to have them considered for inclusion in the application.
 
New York State’s NY Forward program seeks to invest in communities that are ripe for revitalization and have the potential to become a magnet for redevelopment, business, job creation, greater economic and housing diversity, and opportunity.  To be eligible for consideration, project proposals must:
  • Have a project sponsor with the capacity to contract with the State and execute the project on a reimbursement basis
  • Have a defined scope and budget based on professional plans or comparable estimates
  • Demonstrate ownership or control of the project site, either by the proposer or a partnering entity
  • Be fully funded once funds requested through DRI are included
  • Be able to break ground within 2 years
  • Demonstrate clear support from any required private partners or government agencies
The inclusion of a project in the application does not guarantee funding through NYS.
 
See the NYS website for the program at https://www.ny.gov/programs/ny-forward for more information.  Check out the proposal website at www.copakewaterfronts.com/nyforward
Email any questions or comments to copakeNYforward@gmail.com.
 
DEADLINE FOR PROJECT PROPOSAL SUBMISSIONS: September 15, 2022.
ELIGIBLE PROJECT TYPES
Projects must be capital projects that can be implemented within 2 years and will transform the physical environment of the Copake Hamlet in ways that will benefit current and future residents, businesses, and visitors. The following project types are eligible for this solicitation:
  • New Development or Rehabilitation of Existing Structures - Development or redevelopment of real property for mixed-use, commercial, or public uses that serve as an anchor or transformative projects that will provide employment opportunities, housing choices, and/or services for the community. 
  • Grant Fund or Revolving Loan Fund - A locally managed fund may be proposed to undertake a range of smaller downtown projects such as façade improvements or public art.
  • Branding and Marketing - Downtown branding and marketing projects that may target residents, investors, developers, tourists, and/or visitors. The costs eligible under this category must be one- time expenses, such as those to develop materials and signage.
Projects must also be able to fulfill the following requirements to be considered eligible:
  • Project must be able to break ground within two years or sooner.
  • No NYF awards of less than $100K will be considered.
  • Fully residential projects must include at least 8 units and an affordable component.
  • NYF will not cover more than 40% of private-sponsored project costs.
  • Non-profits can request up to 100% NYF funding, but leveraging is encouraged.
  • New and substantial rehabilitation projects will be required to meet the Stretch Energy Code requirements.
INELIGIBLE ACTIVITIES FOR DRI FUNDING
Non-capital projects are not eligible for NYF funding and will not be considered. These include planning; operations and maintenance, training; acquisition; and pre award costs.
EVALUATION CRITERIA
Every project proposal will be evaluated based on how well it meets the following criteria:
  • Catalytic Potential
  • Project Readiness
  • Co-Benefits (beyond the sponsor)
  • Cost Effectiveness and Feasibility
  • Capacity to Implement and Sustain the Project
SUBMISSION INSTRUCTIONS
Applicants who are unable to submit via the website may email their submission to copakeNYforward@gmail.com.

QUESTIONS
Questions regarding this call for proposals should be submitted to copakeNYforward@gmail.com.

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