Relief Programs/ Grants
American Rescue Plan Act
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (H.R. 1319) into law. The $1.9 trillion package, based on President Biden’s American Rescue Plan, is intended to combat the COVID-19 pandemic, including the public health and economic impacts. Counties will receive $65.1 billion in population-adjusted payments based on each county’s share of U.S. population, with additional adjustments for Community Development Block Grant (CDBG) recipients. Cities will receive $45.57 billion in payments and non-entitlement units of local government will receive $19.53 billion. The City of New London was awarded a total of 25 Million.
On October 27th, New London City Council approved the first 13 Million in funding on a variety of programs that address social services, education, housing, public spaces, economic development and more. Part of the approval process included establishing guidelines and determining which funding allocations will need to be brought back to council.As part of the economic development recovery allocation, the Office of Development & Planning (ODP) was awarded funding to manage and invest in historic structures and small businesses. Awards will either be grants (25% min. match) or loans depending on the project details.