Affordable Housing, Announcements, Community Development, State News

State Bond Commission Approves Almost $30M for Housing Projects

State of Connecticut
 

The Connecticut State Bond Commission met on Tuesday, July 12, and approved almost $30 million for housing and community development related funding.

The Department of Housing was allocated these funds through the Flexible Housing Program and the Housing Trust Fund.  Funds will be used to advance various housing projects and programs, including:

  • A $1.85 million loan to assist with development of 48 units of mixed-income housing, including ten supportive units, at 515 West Avenue in Bridgeport.
  • Over $500,000 for a grant-in-aid to assist with development of seven single-family affordable first-time buyer homes at various locations in Hartford.
  • A loan of about $2 million to assist with development of 14 new units, including 12 affordable units, of rental housing at 477 Columbus Boulevard in New Britain.
  • A $5 million loan to assist with development of a new 54 unit mixed-income housing development, including eleven supportive units and 11 market-rate units, at 616 New Park Avenue in West Hartford.
  • A loan of over $4.5 million to assist with conversion of the former Parker School in Tolland into 37 units of elderly rental housing.
  • A $5 million loan to assist with development of 90 units, including 72 affordable units, of elderly rental housing at 105 Boston Post Road in Waterford.
  • A $5 million loan to assist with development of phase II of The Hamlet on East South Street which consists of 36 units of affordable rental housing in Suffield.
  • Over $2 million for a grant-in-aid to assist with construction of eleven units of supportive housing at 180 North Street in New Britain.
  • Over $2 million for a grant-in-aid for construction of Sarum Village II which consists of eight rental housing units with restricted rents at 34 Cobble Road.

Click here to view the full bond agenda.

 
 

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