Help Section: Answering no to this question would mean the applicant is ineligible for the Resilience Fund financing program.
Eligible applicants have the ability to issue debt for capital improvement projects and have that debt be purchased by the Municipal Bond Bank Agency for pooling purposes.
Answering no to this question would mean that the applicant cannot support additional payments for interest and principal on new debt issued.
Eligible applicants will have the ability to service new debt payments as a result of adding new debt to their existing borrowing program.
Answering no to this question would mean that the applicant does not have and does not intend to provide funding for at least 30 percent of the project cost through means other than a loan.
Funding sources may include grants through the CFA, additional State, Federal, or private grants, municipal capital, and other sources of funding not listed above.
To view a list of areas designated by the federal government on or after August 2011 as disaster eligible for public assistance please visit: http://www.fema.gov/disasters/grid/state-tribal-government/38?field_disaster_type_term_tid_1=All
Answering no to this question would mean that the project is ineligible for the Resilience Fun loan program.
Eligible projects will include projects that increase the resiliency of key assets, protect vulnerable population and / or provide economic co-benefits.
To locate a Zip Code, click HERE
To determine the US Congressional District, click HERE
Applicants will be required to provide the specified ID number upon request by the funding agencies.
To look up a zip code, click HERE
If applying in the name of a business please type in the name as it appears on your business papers. If applying as an individual insert your name here.
Answering no to this question would mean that the applicant’s project is not included in a New York Rising Community Reconstruction Program plan or a NY Rising Countywide Resiliency plan. NY Rising plans can be viewed at: http://stormrecovery.ny.gov/nyrcr/final-plans
Projects that are included in the New York Rising Community Reconstruction Program will priority consideration.
The New York Rising Community Reconstruction program was created to assist severely damaged New York Rising Communities and Counties to develop comprehensive and innovative rebuilding plans. The plans are driven by the needs of each community and developed by regional planning committees of community leaders, experts, and officials.
Describe how the proposed project advances the REDC/URI plan for the region, specifically linking the project to the region’s goals, strategies, and targeted industry clusters. A response to this question should directly and specifically link the project to a section or sections of REDC/URI plan for the region.
In REDC Round IV, applicants may link project proposals to identified goals of their region’s Global Marketing and Export Strategies through the Global NY initiative. REDCs will classify priority and other projects that serve to fulfill export growth objectives as outlined in their plans.
More Global NY information:
“Global NY”— to Create Jobs and Attract International Investment
In REDC Round IV, applicants may link project proposals to identified goals of their region’s Global Marketing and Export Strategies through the Global NY initiative. REDCs will classify priority and other projects that serve to fulfill export growth objectives as outlined in their plans.
In 2013 Regional Councils developed Opportunity Agendas to ensure poor communities were included in the economic revitalization spurred by the work and the funding of the Regional Economic Development Councils. Whether they are workforce skills training and job linkage programs to opportunities created by REDC priority projects, infrastructure improvements eliminating restrictions to economic growth in these areas, social services to address challenges facing the long-term unemployed, or transportation assistance to reach newly created jobs, each Opportunity Agenda seeks to bolster economic productivity across New York State by helping these communities overcome barriers to economic success.
In 2013 Regional Councils developed Opportunity Agendas to ensure poor communities were included in the economic revitalization spurred by the work and the funding of the Regional Economic Development Councils. Whether they are workforce skills training and job linkage programs to opportunities created by REDC priority projects, infrastructure improvements eliminating restrictions to economic growth in these areas, social services to address challenges facing the long-term unemployed, or transportation assistance to reach newly created jobs, each Opportunity Agenda seeks to bolster economic productivity across New York State by helping these communities overcome barriers to economic success.
In 2013 Regional Councils developed Opportunity Agendas to ensure poor communities were included in the economic revitalization spurred by the work and the funding of the Regional Economic Development Councils. Whether they are workforce skills training and job linkage programs to opportunities created by REDC priority projects, infrastructure improvements eliminating restrictions to economic growth in these areas, social services to address challenges facing the long-term unemployed, or transportation assistance to reach newly created jobs, each Opportunity Agenda seeks to bolster economic productivity across New York State by helping these communities overcome barriers to economic success.
Describe how the proposed project advances the REDC/URI plan for the region, specifically linking the project to the region’s goals, strategies, and targeted industry clusters. A response to this question should directly and specifically link the project to a section or sections of REDC/URI plan for the region.
The REDC and Upstate Revitalization Initiative’s (URI) are designed to support projects that will help transform the region’s economy. Applicants seeking these resources should explain why the project is a priority for the region. Providing details on the impact of the project such as the ability to create net new high paying jobs, the extent of private sector support, the impact it has on the community, and how the project will advance, in a meaningful way, the implementation of the REDC/URI plans, will help the REDCs and state during review.
Please includes details relevant to all programs on this application. Programs on this application are: {{program_list}}
Provide a brief summary of the need for the project in the geographic area proposed, the project's financing needs, including funding gaps and, where applicable, describe the additional short and long term jobs that will be created through the development of the proposed project.
Eligible applicants have the ability to service new debt payments as a result of issuing new debt to finance the proposed project.
1. Please provide the following data and calculations:
The outstanding municipal debt statement should include:
A. The average of full valuation of taxable real property for the five most recent years (including this year)
B. Debt Limit
C. Long Term Indebtedness
D. Bond Anticipation Notes
E. Total Gross Indebtedness (E = C + D)
F. Exclusions: Specify water, sewer, or other
G. Total Net Indebtedness (G = E - F)
H. Net Debt Contracting Margin or unused debt capacity (H = B - G)
I. Debt Contracting Power Exhausted (I = (G/B) * 100)
J. Debt Contracting Power Remaining (J = 100 - I)
2. Applicant's Outstanding General Obligation and Revenue Debt as of the most current date.
Provide a debt service summary, including principal retirement, for all outsanding General Obligation and Revenue Bonded Debt for the current fiscal year and the next 10 fiscal years (Do not include shore-term obligations). Please report principal and interest separately.
Projects to restore and increase the resilience of key assets:
Eligible projects should include projects that both provide for the restoration of key assets and actions that will make them more resilient to future threats. Examples of such projects include restoration of natural infrastructure (wetlands, oyster reefs, dunes, and other green infrastructure), and investments in transportation or other improvements in community systems to prepare for future threats.
Protection of vulnerable populations:
New measures to protect vulnerable persons (people with disabilities, low and very-low income populations, elderly, young children, homeless and people at risk of becoming homeless). For example, site new facilities in lower risk areas, require backup power systems for critical facilities such as nursing homes and hospitals, and improve communications systems to ensure that vulnerable persons are not left without aid.
Projects with economic co-benefits:
Projects to enhance community resilience will improve the future of the local economy. For example, investments in new transportation infrastructure may facilitate the growth of Main Street business corridors; and investments in new recreational assets (e.g. new green space that serves as a buffer against flooding) may protect against storm damage or serve as redundant protection.
Applicants to the Resilient Fund must identify resilient and innovative projects that address issues related to storm recovery as an aftermath of the events surrounding Hurricane Irene, Tropical Storm Lee, and Superstorm Sandy among other disaster declared storm events in the past two years. The projects must fit within one of the following four program areas: Economic Development, Infrastructure, Health and Human Services, Natural and Cultural Resources. If the project fits within a different program area, please explain in detail.
To be eligible for Resilience Fund loans, the project must address an urgent need, primarily benefit low-to moderate income (LMI) persons or address slums and blighted conditions.
Address and Urgent Need: To comply with community development needs having a particular urgency, a project must be designated to alleviate existing conditions which the local government certifies and the state determines: pose a serious and immediate threat to the health or welfare of the community, are of recent origin or recently became urgent, the project sponsor is unable to finance the activity on its own, and other sources of funding are not available to carry out the project.
Benefit Low-to-Moderate Income (LMI) Persons: To qualify as a project that benefits LMI persons, the project must be completed in an area where at least 51 percent of all the residents are LMI persons. The benefits of this type of project are available to all residents in the area regardless of income.
Address slums and blight conditions: The project must be designed to eliminate specific conditions of blight or physical decay not located in a designated slum or blighted area and the activity must be limited to one of the following:
Acquisition, Clearance, Relocation, Historic Preservation, Rehabilitation of buildings - only to the extent necessary to eliminate specific conditions detrimental to public health and safety.
In order for a project to be eligible, the activity relating to the elimination of prevention of slums or blight on an area basis must meet all of the following criteria:
- The area must be officially designated by the recipient and must meet a definition of a slum, blighted, deteroriated, or deteriorating area under State of local law. (For these purposes, it is not necessary to formally designate/declare the area to be blighted, but the area must meet the definitions for designation.)
- The area must exhibit at least one of the following physical signs of blight or decay: the area must be a substantial number of deteriorated or deteriorating buildings throughout the area, the proportion of buildings in the area that are in such condition is at least equal to that specified in the applicable State law for this purpose; or
- In the case where the applicable State law does not specify the percentage of deteroriated or deteriorating buildings required to qualify the area, then at least one quarter of all the buildings in the area must be deteriorated or deteriorating.
- The public improvements throughout the area must be in a general state of deterioration. (For this purpose, it would be insufficient for only one type of public improvement; rather, the public improvements taken as a whole must clearly exhibit signs of deterioration.)
Risk is the chance that an asset will be damaged or destroyed. Assessing the risk to assets will help the project sponsor prioritize projects and measures to protect assets at risk and ensure appropriate long-term economic growth. Three factors contribute to overall risk for the project being proposed:
- The likelihood and magnitude of future storm events. This is a measure of hazard.
- The moderating effect of topographic and shoreline features. This is a measure of exposure.
- The level of impairment or consequences that assets may experience from a storm event. The ability of the asset to resist damage from a storm is a measure of vulnerability.
The risk assessment should consider hazard, exposure, and vulnerability. For more information on risk assessment, reference pages 15 - 20 on the following document: http://stormrecovery.ny.gov/sites/default/files/documents/Guidance_for_Community_Reconstruction_Plans.pdf
The cost-benefit analysis should consider the benefits of implementing a project and then compare those benefits with the costs of implementation.
- Actions are the projects that are being proposed for implementation
- Benefits are how the project is predicted to increase publiuc safety, provide economic opportunity, improve public and environmental services, reduce storm impacts, and should include ancillary benefits that may occur
- Costs are the expenses related to the projects being proposed, including the cost of developing the project, implementing it, and its life-cycle costs.
An analysis of costs and benefits should consider both the financial and the socio-economic impacts of the project.
If the project for which you are applying for is not related to Tropical Storm Lee, Hurricane Irene, or Superstorm Sandy, please list the date of the disaster area eligible for public assistance from the following link: http://www.fema.gov/disasters/grid/state-tribal-government/38?field_disaster_type_term_tid_1=All
Funding sources may include grants through the CFA, additional State, Federal or private grants, municipal working capital and other sources of funding not listed above. If the applicant has applied for a CFA grant in this round, please list the grant name and the capital request.
Resilience loans shall not exceed 70% of the total eligible cost for the project. The total eligible cost of the project is the total of costs set forth in the grant application, less any other sources of capital.