Affordable Housing, Community Development, State News

Bond Commission Approves $3M for Affordable Housing; $20M for Small Towns

 

The State Bond Commission voted September 23 to allocate $3 million for construction of new elderly housing at Oxford Village in Manchester. The project will create 44 new units of elderly housing and create or retain approximately 107 construction jobs.

The Commission also voted to allocate $20 million for the Office of Policy Management’s (OPM) Small Town Economic Assistance Program (STEAP), which provides grants-in-aid to various small towns across the state. According to OPM, towns can use STEAP for a wide variety of capital projects, including housing projects, mixed-use structures and other kinds of development projects involving economic and community development. The STEAP allocation is expected to create or retain 200 construction jobs.

To Learn More:
Read the Bond Commission Agenda
Check Out OPM’s STEAP Program
Hartford Courant: Senior Housing Project Likely To Get State Funding

 
 

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