Affordable Housing, Announcements, State News, Supportive Housing

Bond Commission Approves Over $13M in New Funding for Housing Development

State of Connecticut
 

The State Bond Commission met on December 11, 2015 and approved a number of housing and homelessness related funding.

  • The Department of Housing was allocated $4.9 million for the flexible housing program to provide a loan to the Mill at Killingly Apartments, LLC for the construction of 32 new units of housing, with 12 units for people earning less than 25% of area median income, 13 units for people earning between 25% and 50% of area median income and 7 market rate units.
     
  • The Capital Region Development Authority was allocated $6.5 million to provide a loan to the Brean Capital LLC to covert unused room at the Radisson Hotel at 50 Morgan Street in Hartford into 96 units of rental housing.
     
  • The Department of Housing was allocated $1.8 million to provide two loans. One loan is for Joseph Migani, d.b.a. PMA Properties LLC, for the construction of two supportive housing rental units at 13 May Street in Ansonia. The other loan is to The New Haven Homeownership Center, Inc. (Neighborhood Housing Services of New Haven) for the Carmel Street Affordable Rental Innovation at 111 Carmel Street in New Haven.

The bond commission also approved the carrying forward of $234,425,265 in private activity bonds - $149,410,620 for the Connecticut Housing Finance Authority and $44,958,462 for the Connecticut Development Authority.

Click here to view the full bond agenda. 

 

 
 

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