The State Bond Commission voted to allocate nearly $18 million for construction and rehabilitation of 390 units of affordable housing across the state Friday, creating an estimated 391 construction related jobs.
The commission voted to fund:
The Bond Commission also funded $15 million in supplemental funding for the Local Capital Improvement Fund, which allocates money to each municipality based on its entitlement for a variety of infrastructure programs, including public housing projects.
In June, Connecticut passed the bond authorization bill and budget implementation legislation, which 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.
To Learn More:
Read the Bond Commission Agenda
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