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:
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Create Incentive Housing Zones (IHZs) with minimum densities of 6 single‐family, 10 duplex or townhouse, or 20 multifamily units per acre.
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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:
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Zoning incentive payments of up to $2,000 per unit that could be built in the designated IHZ (eg. 100 units in the zone = $200,000). Payments are for both market‐rate and affordable units.
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Building incentive payments of up to $2,000 per multi‐family unit or up to $5,000 per single‐family unit at the time that building permits are issued in the IHZ.
Download the Fact Sheet.