Affordable Housing, Community Development, State News

OPM, State To Revitalize HOMEConnecticut

 

In a story this morning in the CT Mirror, the state Office of Policy Management (OPM) confirmed that it would be revitalizing the HOMEConnecticut Program, with $1 million left in funds from 2008.

According to OPM’s Community Development Director Dimple Desai, five municipalities have already received approval for grants since Gov. Malloy took office: Old Saybrook, Sharon, Torrington, East Lyme and New London. Four other towns have also recently shown interest.

"Both demographically and economically the market is demanding more, dense, smaller units," Partnership for Strong Communities Policy Director David Fink said. "Builders are building smaller so it's easier to afford the down payment, heating cost and transportation costs. That’s what the market is demanding now and that’s why a program like HOMEConnecticut is attractive."

To read the story in the Mirror, click here.

 
 

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