Affordable Housing, Community Development, State News

DECD Announces Brownfield Funding

 

 

The state Department of Economic and Community Development (DECD) announced December 1 more than $17 million in funding for various brownfield-related activities, including nearly $13 million in loans and nearly $4.6 million in grants for uses as broad as: commercial and industrial; affordable and workforce housing; and mixed-use development.

“Governor Malloy and I share the belief that cleaning up and redeveloping brownfields is one of the best ways we can help spur revitalization in our cities and towns.  As this round of funding demonstrates, the state is taking an aggressive approach to addressing this important issue—not only for the obvious benefits to the environment, but for the jobs and new economic opportunities it will create at the local level,”


said Catherine Smith, commissioner of DECD.   

 

Included in the funding were many affordable housing and transit oriented development projects. Among them:

  • $1 million in Dayville for the Prym Mill Renovations, a mixed-use development project.
  • $4.5 million in Preston for mixed-use development on their Riverwalk project.
  • $5 million in Stamford for continued work on Harbor Point.
  • $2 million in Stamford for the Yale & Towne Project.
  • $450,000 in Hartford for the Capewell project.
  • $300,000 to Enfield for their proposed transit center.
  • $500,000 to Berlin for their proposed transit center.

 

For more information, click here.


 

 
 

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