Affordable Housing, Community Development, Fact Sheets, State News

HOMEConnecticut: How It Works

 

This fact sheets explains the HOMEConnecticut program and how municipalities can receive state funds to benefit building affordable, dense housing.

Municipalities that agree to create housing in responsible growth locations (near town centers, transportation facilities, or existing or planned infrastructure) must meet two criteria:

  • Create Incentive Housing Zones (IHZs) with minimum densities of 6 single‐family, 10 duplex or townhouse, or 20 multifamily units per acre.
  • Ensure that at least 20% of the units in the zone are affordable to residents earning 80% of the area median income or less.

In return, municipalities that meet those two criteria receive from the state:

  • Zone Adoption Incentives of $20,000 when the zone is approved by OPM.
  • Building Permit Incentives between $15,000 and $50,000, when housing is built in the IHZ.

Towns may use Incentive money for any purpose.
 

Download the Fact Sheet.

 
 

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