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The Partnership for Strong Communities strongly supports the significant investments in affordable housing included by Governor Malloy in his biennial budget for FY14-15. The Governor’s FY14-15 budget proposal reinterated the commitments he made to affordable and supportive housing last year. The budget proposed by the Governor includes the state’s largest investment in housing in more than two decades, with significant new funding for the preservation, rehabilitation and creation of affordable and supportive housing.
Last biennium, Governor Malloy initiated a significant investment in affordable housing in Connecticut including: (a) $120 million for affordable housing; (b) $30 million to preserve and upgrade public housing as the start of a ten year commitment; (c) over $30 million for 300 units of supportive housing; (d) $12.5 million for congregate housing with ongoing operating subsidies; (e) $2 million for Housing Incentive Zones; and (f) consolidation of the state’s housing functions into a new department.
The biennial budget and bond package adopted by the legislature for FY14-15 builds on those investments:
The governor’s FY14-15 Biennial Budget is available here.
For more information about the Governor’s proposed investments in housing, read our related article on the Governor's biennial budget proposal.