Affordable Housing, Announcements, State News, Supportive Housing

Gov. Announces $16.5 Million to Fund Five Housing Developments Around the State

State of CT Dept. of Housing
 

Gov. Dannel P. Malloy announced recently a state investment of more than $16.5 million in five housing developments in Hartford, Waterbury, Vernon, Stonington and Middletown. The funds will help build or renovate roughly 465 residential units, of which at least 390 will be affordable to income-qualifying households.

The funding comes through the Competitive Housing Assistance for Multifamily Properties (CHAMP) initiative administered by the Connecticut Department of Housing.

“Affordable housing is a key ingredient to turning the Connecticut economy around and making sure it continues to grow in the future,” said Gov. Malloy.  “With more affordable housing options, we can attract talent, grow our economy, strengthen commerce, and create the communities that will be more competitive in today’s business climate.  When we invest in housing, we invest in people, communities, and our economic future.”

You can read more here. 

 
 

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