Affordable Housing, State News

Malloy Underscores Support for Affordable Housing

 

After proposing $130 million in new capital spending for affordable and supportive housing in his new budget, Gov. Dannel P. Malloy told reporters March 25 that he intends to maintain that commitment to housing creation for low and moderate-income residents.

"Anybody who knows my years in Stamford knows very much that I am committed to affordable housing," Malloy said after the State Bond Commission endorsed a $1.2 million low-interest loan for a 50-unit project adjacent to the Harbor Point development in Stamford. "I was proud to be mayor of the city that passed the first and maybe the only requirement across-the-board for affordable housing to be built into market-rate housing. And to get this project going makes a lot of sense."

The project will generate 261 construction jobs according to OPM and will include eight 3-bedroom townhouses and 39 multi-bedroom units for families with incomes up to 60% of the area media in a new structure and three in an existing historic structure. Ten units will be set aside for supportive housing.

"We have under-supplied affordable housing, we’ve under-invested in the maintenance of affordable housing and we have a long way to go in the state of Connecticut," Malloy said.

 
 

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