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Malloy Pushes Investments In Affordable Housing In Bridgeport

Gov. Dannel Malloy announced this week more than $78 million in state bond money will be used to provide affordable housing in Bridgeport and other areas across the state.
Gov. Dannel Malloy announced this week more than $78 million in state bond money will be used to provide affordable housing in Bridgeport and other areas across the state. Photo Credit: Jay Polansky

BRIDGEPORT, Conn. -- Gov. Dannel Malloy announced this week the state will make new investments in affordable housing in Bridgeport and across the state.

Bridgeport is slated to receive $675,000 grant-in-aid for the Habitat for Humanity of Coastal Fairfield County. The money will be used to assist with construction of nine single-family homes to be sold to home buyers who are at or below 80 percent of area median income in Bridgeport.

Also, a $5 million loan will be made to Block 912 JV LLC to assist with redevelopment of the Jayson and Newfield buildings in Bridgeport. The project will contain 104 mixed-income units with 27 affordable units.

Statewide, several projects are expected to receive nearly $78 million in state bond funding in an effort to help communities foster economic growth, create livable communities and attract businesses.

The money is scheduled to be approved during a meeting at 10:30 a.m., Friday by the State Bond Commission in Room 1E of the Legislative Office Building in Hartford.

"This is all part of a massive, long-term revitalization strategy, which is why we're doing more on housing than ever before. It's key to economic growth. As we expand access to quality, affordable housing, we're creating more livable communities and making ourselves more attractive to companies," Malloy said. "The availability of affordable housing is an economic driver that attracts business and jobs and makes communities more vibrant places to live, work and raise a family. If we want to have a quality work force, and if we want to be economically competitive, it's important to have quality housing."

One statewide project will use $17.15 million to advance Connecticut's goals to end homelessness, expand the stock of affordable housing statewide and assist with accessibility home modifications for the elderly and people with disabilities.

"We're making real progress across the state and building affordable housing at an unprecedented rate," Housing Commissioner Evonne Klein said. "Governor Malloy has made housing creation a priority and these strategic investments are good for the residents of our state, good for the economy and good for local business."

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