Affordable Housing, Community Development, State News

Housing Items Major Part of Bond Commission Action

 

The state Bond Commission approved $15.1 million in new funding for key affordable housing and related projects across the state at its meeting Friday, July 8.

Topping the list is $5.5 million to the New Haven Housing Authority to modify a loan for rehabilitation of the William T. Rowe public housing development, a grant to the Corporation for Independent Living  for accessibility modification loans to low- and moderate-income homeowners and the Greater New Haven Community Loan Fund for gap financing of affordable housing projects.

The commission also approved:

  • A $4 million grant to a non-profit subsidiary of the Stamford Housing Authority for the third phase of state funding for redevelopment of the Vidal Court moderate rental public housing complex;
  • $4.6 million to DECD in Brownfield remediation funds that can be used to clean and prepare contaminated sites for housing and related development; and
  • $1 million to the Departments of Energy and Environmental Protection and Economic and Community Development for its Special Contaminated Property Remediation Fund  for loans to municipalities, individuals or firms for environmental site assessments, investigation and demotions to prepare property for reuse.

Once again, Governor Malloy is demonstrating his commitment to housing development and preservation, which he understands is vital to Connecticut’s future.

 
 

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