Conn. Gen. Stat. § 32-9y: Greyfield revitalization program.

(a) As used in this section:

(1) “Commissioner” means the Commissioner of Economic and Community Development; and

(2) “Greyfield” means any previously developed commercial retail or office property that (A) is economically nonviable in its current state and exhibits conditions that significantly complicate its redevelopment or reuse, as determined by the commissioner; and (B) is not currently eligible for any brownfield remediation and development program provided in chapter 588gg.

(b) On and after July 1, 2025, the commissioner may use bond funds and available resources to provide not more than fifty million dollars in the aggregate for grants or loans in support of major projects selected pursuant to subsection (c) of this section.

(c) On and after July 1, 2025, the commissioner, in coordination with the Commissioner of Housing, the Connecticut Municipal Redevelopment Authority and the Capital Region Development Authority, may establish a greyfield revitalization program, which shall provide grants or loans to facilitate the repurposing of commercial retail and office space determined by the Commissioner of Economic and Community Development to be a greyfield and to provide grants to the Connecticut Municipal Redevelopment Authority or the Capital Region Development Authority to provide grants or loans to facilitate the repurposing of such commercial retail and office space. The commissioner shall develop a competitive application process and criteria to (1) evaluate applications submitted pursuant to this subsection, and (2) select projects for funding pursuant to subsection (b) of this section.

(d) Eligible use of grant or loan funds include: (1) Architectural and engineering assessment of buildings and site readiness to determine suitability for conversion to multi-family housing; (2) demolition; (3) remediation and abatement of building materials that were used in accordance with the State Building Code when the structure was constructed; (4) renovation or conversion construction costs; (5) planning studies to assess the viability of one or more potential future project sites under the program; and (6) reasonable administrative expenses not to exceed five per cent of any grant awarded.

(e) Financial assistance awarded pursuant to this section shall be exempt from the provisions of section 32-462.

(f) The commissioner may contract with nongovernmental entities, including, but not limited to, nonprofit organizations, economic and community development organizations, lending institutions, and technical assistance providers to carry out the provisions of this section.