Governor Ned Lamont today announced that more than $49 million in state funding that will support the development of hundreds of units of affordable housing in towns throughout Connecticut is anticipated to be approved when the State Bond Commission meets later this week.
Of that near $50 million in funding,Waterbury is slated to receive $3,775,00 for 44 units in the Linden.
This is a great accomplishment because this addresses the issue that communities of color in Connecticut continue to face disparate outcomes in health, education, and other services – and we are seeing these divides exacerbated by COVID-19. Zoning reform and access to housing - like this funding - are integral to expanding equity and opportunity in these communities and across the state.
Governor Lamont said, "Access to housing that is affordable and stable is a key component toward building a stable economy that supports the growth of jobs and makes neighborhoods vibrant places to live and work. An investment in housing is an investment toward improving the economic health of our entire state."
The State Bond Commission will vote on the allocation during its meeting at 11:00 a.m. on Friday, April 16. The meeting will be held virtually and will stream live online via the Connecticut Network (CT-N).