Affordable Housing, Announcements, Community Development, Homelessness, State News, Supportive Housing

$13.8 Million Investment Announced for Housing and Revitalization

 

On Tuesday, May 21st Governor Malloy and Department of Housing Commissioner Evonne Klein announced $13.8 million in grants to fund 11 affordable housing and neighborhood revitalization programs throughout the state.

This announcement underscores the incredible investment Governor Malloy has made to the state’s affordable housing stock and to the revitalization of the state’s cities.

The 11 projects announced are as follows:

  • Access Community Action Agency will receive $1.5 million to establish a revolving loan fund to rehabilitate small rental properties with up to ten units each. Access Agency’s efforts will focus on Danielson and the downtown Willimantic.
  • Connecticut Children’s Medical Center will receive $2 million to remove lead and other health and safety hazards from housing units serving low- and moderate-income families, leverage additional funding for energy efficiency upgrades, and assist families in accessing additional resources to maintain a healthy home. The initiative will target fifteen towns and cities, including Bridgeport, Danbury, East Haven, Hartford, Manchester, Meriden, New Britain, New Haven, Norwalk, Stamford, Torrington, Waterbury, West Haven, and Winchester.
  • The Connecticut Housing Coalition will receive $213,000 to help coordinate potential developers, public housing authority residents, and technical consultants to jumpstart new housing or redevelopment plans.
  • Connecticut Housing Investment Fund will receive $1.6 million to establish two urban revitalization programs in East Hartford and Waterbury. The programs will offer low- or interest-free loans that encourage private developers to purchase, rehabilitate, and maintain at-risk properties.
  • The Corporation for Supportive Housing will receive $1.3 million to capitalize the Connecticut Supportive Housing Development Fund, which will provide gap financing for eight projects yielding 80-90 supportive housing units. The program will have two distinct components: an initiative to induce larger-scale developers to include new supportive housing, and direct development assistance to new supportive housing developments.
  • The East Hartford Housing Authority will receive $2 million to acquire, rehabilitate, and redevelop blighted housing. Once completed, properties will remain in the housing authority portfolio and will be supported by housing authority Section 8 Project Based Vouchers.
  • The City of Hartford will receive $1.5 million to expand the city’s homeowner rehabilitation program by assisting homeowners prevent blight and stabilize their properties.
  • Housing Development Fund will receive $1 million to fund the Landlord Entrepreneur and Affordability Program (LEAP). LEAP combines funds from multiple sources and will provide below market assistance to people who will purchase and rehabilitate owner-occupied small multi-family properties throughout Greater Bridgeport.
  • Mutual Housing Association of South Central Connecticut will receive $1 million to create an urban revitalization neighborhood program in Waterbury’s downtown. The program will redevelop the Gaffney Place neighborhood by acquiring, rehabilitating, and selling several two- and three-family properties to owner-occupants, redesigning the street for traffic and pedestrian safety, and improving façades on non-redeveloped properties. In connection with this program, Webster Bank will offer homebuyer assistance to employees wishing to purchase homes in this area.
  • The City of New Haven will receive $1.5 million to expand its Neighborhood Renewal Program to include transitional neighborhoods which are blocks situated between stable neighborhoods and those with greater need.
  • The Women’s Institute for Education and Development will receive $215,000 to develop a revolving, low-interest loan fund to help qualified homeowners finance the construction of accessory apartments.
     

Click here to read the full press release.
 

 
 

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