The bond authorization bill and budget implementation legislation passed over the last several days by the General Assembly makes affordable housing creation a central focus, with hundreds of millions of dollars in potential new resources provided by Gov. Dannel P. Malloy and endorsed by the legislature.
The bond bill provides $100 million in new affordable housing capital - $50 million in each year of the biennium - split equally between the Department of Economic and Community Development (DECD)'s Housing Trust Fund and its Flex program, which provides funding for housing creation, restoration and other related uses. The bond bill also provides DECD with $30 million in the first year of the biennium for up to 150 new units of permanent supportive housing. Beyond that unprecedented increase in direct funding for housing, the bond bill also authorizes:
"Gov. Malloy and the General Assembly have made it crystal clear that they are committed to ending homelessness by expanding the highly successful supportive housing initiative and that a safe, affordable and secure home is not only the ticket to individual opportunity but also the path to Connecticut's economic growth," said Howard Rifkin, interim executive director of the Partnership for Strong Communities. "This investment will create thousands of construction jobs and new, affordable homes for workers, families, disabled and elderly residents and the young adults we need to make Connecticut a prosperous place to work, live and build a business."
Additionally, regional planning organizations will get $7.2 million in the first year of the biennium and $7.4 million in the second year for grants to municipalities that provide joint services, which could be used for joint housing and development initiatives. The Department of Social Services will also get 150 Rental Assistance Payment (RAP) certificates for households being served by the Department of Children and Families.
The state budget, which was approved in May by the legislature, also included: