May 9, 2017

CT has $10.7M for housing

PHOTO | Idea go, FreeDigitalPhotos.net
PHOTO | Idea go, FreeDigitalPhotos.net
Connecticut will provide $10.7 million in affordable housing funds for seven projects..

Seven affordable-housing projects in six communities -- including Hartford, New Britain and Windsor Locks -- will split $10.7 million in leveraged state funds to generate 578 living units, authorities say.

The governor's office, the state Department of Housing, and the Connecticut Housing Finance Authority (CHFA) announced the funding Monday. Funding comes through federal Low Income Housing Tax Credits (LIHTC) program, which is administered by CHFA.

Of the living units to be created, 401 are designated as affordable and 177 as market rate. The properties are projected to generate 964 jobs, $333.5 million in economic activity, and $18.92 million in net state revenue.

The developments receiving the awards include Willow Creek Phase II in Hartford; Montgomery Mill in Windsor Locks; 11 Crown St. and Meriden Commons Phase II, both in Meriden; Columbus Commons Phase I in New Britain; Windward Apartments in Bridgeport and Rockview Phase 2 in New Haven.

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