At the March 17, Town Council Meeting the Town Council received a presentation on a new support to development. David Kooris, the Executive Director of the CT Municiple Redevelopment Authority (MRDA) explained resources that Rocky Hill could deploy to develop our downtown area.
According to Kooris, the objectives of the MRDA are to promote economic development, particularly transit-oriented and new housing. This is done through:
- Technical support to town staff in drafting zoning rules and building fiscal impact analysis
- Low interest loans to the development and grants for infrastructure
- Supporting finding a developer
In order to enroll in the program, there needs to be a public hearing. That hearing is scheduled for April 7th. After the hearing the Town Council needs to adopt a resolution declaring their intent to work with the MRDA.
Leave a Reply