A cooperative in West Hartford will receive more than $500,000 as part of the $61.5 million in funds to support affordable housing development in diverse communities announced by Gov. Dannel P. Malloy on Monday.
By Ronni Newton
Gov. Dannel P. Malloy along with Department of Housing (DOH) Commissioner Evonne M. Klein, and Connecticut Housing Finance Authority (CHFA) Executive Director Karl Kilduff announced that the state will be awarding grants and loans totaling more than $61.5 million to support the creation, rehabilitation, and expansion of multifamily and senior housing in diverse communities.
Included among the 24 developments that will receive funding is Brace-Dale Association, a four-unit cooperative at the intersection of Brace Road and Dale Street. According to the governor’s announcement, DOH will be providing Brace-Dale Association with $534,800 “to make several interior and exterior improvements, including quality of life upgrades to the individual housing units.” The association is also slated to receive funding from the utility company, the announcement states.
Statewide, the funds will be dispersed among 24 housing developments in 20 cities and town, a total of 978 units.
“The availability of affordable housing for low and moderate-income residents is a driver of economic growth and will make Connecticut a more vibrant place to work and live,” Malloy said in the news release. “When we invest in housing, we invest in people, communities and our economic future.”
The projects are in areas designated as “moderate,” “high,” or “very high opportunity” based on access to municipal services, high quality education systems, and low crime.
Like what you see here? Click here to subscribe to We-Ha’s newsletter so you’ll always be in the know about what’s happening in West Hartford!