20 towns to split $62M for affordable housing development
PHOTO | Contributed
The 379-unit Squire Village in East Hartford.
The state will award over $61.5 million in funding to build, restore or expand 978 affordable housing units in 20 towns, officials announced Monday.
Gov. Dannel P. Malloy said the grants and loans will support multi-family housing units in high opportunity areas, which are identified by access to municipal services, local education systems and low crime levels.
The housing funding raises the availability of low-cost homes in Greater Hartford and in towns including Farmington, Manchester, Glastonbury, South Windsor, Enfield, Stamford, Greenwich, New Haven and Norwich, state officials said.
Since 2011, the state Department of Housing (DOH) and Connecticut Housing Finance Authority (CHFA) have built, rehabilitated or pledged funding for about 24,332 housing units, with over 20,000 of those remaining as affordable to low and moderate-income options for homebuyers.
The $1.4 billion investments were matched by over 2.4 billion from other financial sources including the private sector.
Projects to receive funds include:
Farmington: New Horizons Village: DOH will award a $3.5 million grant to New Horizons Inc. for renovationing a 68-unit community providing assistance to over 100 low-income adults with physical disabilities.
Hartford: Ward Affleck: DOH is funding almost $1.3 million to the 14-unit affordable housing property for interior and exterior improvements.
Hartford: Cityscape VII: DOH will provide a grant up to about $1 million to Pope Park Zion LLC for the seventh phase of its Cityscape Homes project in Hartford’s Frog Hollow neighborhood.
Hartford: Bristol Apartments: DOH is funding up to $813,780 for exterior and interior improvements at the 15-unit affordable housing property.
East Hartford: Veterans Terrace: DOH will send $5.2 million to the Veteran’s Terrace Communities LLC to begin the first phase of reconstruction and rehabilitation at the 45-unit moderate rental property.
Glastonbury: Herbert T. Clark Congregate: DOH has awarded a $3 million grant to the Glastonbury Housing Authority for its 45-unit congregate property. The grant will be used for exterior and interior upgrades. The property owner and utility companies will also provide funds.
Manchester: Spencer Village and Spencer Village: DOH will award a $2 million grant to the Manchester Housing Authority for its 80-unit elderly property. The funds are meant for exterior and interior improvements. The building owner, CHFA, and the utility company will also provide funding.
South Windsor: Wapping Mews: DOH will provide up to $2 million to the South Windsor Housing Authority for its 30-unit elderly property. The funds will cover interior and exterior improvements and upgrades to the community and laundry rooms to meet Americans with Disabilities Act (ADA) requirements.
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