The state is making new investments in affordable housing across the state, with several projects anticipated to receive nearly $78 million in state bond funding. The State Bond Commission meets Friday to release the funds.
Gov. Dannel P. Malloy said in a statement since the beginning of his administration in 2011, the state has provided funding to build 17,897 housing units. In 2015, the state made investments to help create, rehabilitate, and preserve 11,881 housing units statewide.
The governor said it is part of a massive, long-term revitalization strategy. He said affordable housing makes communities more appealing, which helps the state retain and attract new businesses. “The availability of affordable housing is an economic driver that attracts business and jobs, and makes communities more vibrant places to live, work, and raise a family,” Malloy said.
Among the projects:
- $17,150,000 toward the end of homelessness, to expand the stock of affordable housing statewide, and assist with accessibility home modifications for the elderly and people with disabilities;
- $2,805,000 grant-in-aid to the Hamden Housing Authority to finance rehabilitation of state-supported housing portfolio projects, Hamden Village and Hamden Village Extension;
- $2,525,674 grant-in-aid to Pope Park Zion LLC for the Cityscape Homes VI project in the Frog Hollow, Barry Square, and Behind the Rocks neighborhoods in Hartford. The project will create 11 homeownership opportunities, each with a two-bedroom rental unit to provide income to make the home affordable.
- $2,495,000 grant-in-aid to the Newington Housing Authority to finance rehabilitation of state-supported housing portfolio projects, New Meadow Village, Cedar Village, and Keleher Park.
