An additional $10 million to support Connecticut’s new Housing Trust Fund this year is expected to be approved when the State Bond Commission meets on Jan. 25, Gov. M. Jodi Rell announced today.
 Signed into law on July 1, 2005, the Housing Trust Fund for Economic Growth and Opportunity is designed to help create housing for low- and moderate-income working families by providing critical “gap” financing in the form of loans and grants.
 “One of the key issues affecting Connecticut’s economy is the availability of quality, affordable housing,” Rell said. “We must have a steady and attractive stock of housing to attract and keep jobs in our state. The Trust Fund helps develop and rehabilitate properties where working people can live and raise their families.”
The Trust Fund, administered through the Department of Economic and Community Development, is funded through General Obligation bonds that provide a maximum of $20 million per year for five years. This is the fourth round of funding for program, which received an initial $10 million in 2005.
