Saud Anwar

COMMUNITY INVESTMENT FUND BOARD APPROVES $3 MILLION IN FUNDING TO SUPPORT COMMUNITY FACILITY AT VETERANS TERRACE

Today, the board for the Community Investment Fund met to approve more than $100 million in funding to support projects in towns and cities statewide, including $3 million in support for the Veterans Terrace housing development in East Hartford.

This development, with 150 total units, consists of affordable, workforce and market-rate units; the grant funds will support construction of a community facility planned as an amenity for the housing complex.

“I’m encouraged by this investment in East Hartford housing, which will support hundreds of community members and allow access to important resources to aid them,” said State Senator Saud Anwar (D-East Hartford). “I look forward to this project reaching completion and am encouraged to see further CIF investments in the near future.”

Developed to foster economic development in historically underserved Connecticut communities, this is the latest in $875 million in total statewide investments for municipalities, nonprofits and community development corporations to support capital improvement, small business capital and planning projects around the state.

Members of the board include state Senate and House leaders, commissioners of state departments, state elected leaders and representatives from Governor Lamont’s administration.