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What the Consolidated Funding Application is and how Hyde Park would use it
Summary
At a special Hyde Park meeting Sarah Lee of the Hudson Valley EDC explained the CFA: a single, competitive state application used by multiple agencies. The town would apply for up to $1,000,000 to fund Route 9G widening and a bridge/culvert replacement; developers would cover local match and administrative costs.
The Consolidated Funding Application (CFA) is New York State’s single online application for multiple state grant programs. Sarah Lee, EVP of special strategic initiatives at the Hudson Valley Economic Development Corporation, told the Hyde Park Town Board on July 28 that the CFA process began in 2011 to streamline state grants through regional economic development councils.
Lee said the specific round the town is pursuing is the Regional Council Capital Fund (RCCF). "In that fund, there are $60,000,000 available," she said, noting typical program rules such as a $100,000 minimum request and state matching up to 20% of project cost. Lee explained the request from the town would be for up to $1,000,000 toward public-infrastructure work that benefits the Crofton Muse/Elbow Creek development.
Town staff and presenters emphasized the town must be the municipal applicant because the work is a public benefit (road widening and bridge replacement), but they also stressed that the developer is proposing to cover the town’s costs related to the application and the 10% local equity requirement. "It is the town is just the applicant," Lee said, "and the funds are going to be covered by the developer."
The CFA review proceeds by region (the Mid-Hudson council forwards projects to the state) and is competitive; the town’s authorization permits filing but does not guarantee an award.
Key figures cited on record: a requested grant of $1,000,000, an anticipated developer bank loan of about $3,900,000, and a developer-provided 10% equity contribution to the project.
