Today, State Senator Paul Honig (D-Harwinton) welcomed the announcement that the Department of Housing and Connecticut Housing Finance Authority will invest $3.7 million in Norfolk to create 10 homeownership units and $4.5 million in Simsbury to develop 175 rental homes including 36 for middle-income households. This comes as part of a larger effort supporting more than 1,200 total housing units and 550 affordable units in Connecticut.
“Connecticut simply doesn’t have enough affordable housing, especially in certain regions of the state, and any investments and strategies to turn the tide are welcome,” said Sen. Honig. “I’m encouraged that our state is investing in Norfolk and Simsbury to create new and affordable housing to support households throughout our communities, and I’m grateful to state leaders for these investments.”
The CHFA will invest $4.5 million in Build For CT financing to support Luminary at Simsbury Center, which will offer 175 rental homes including 36 units set aide for households earning between 80% and 100% of area median income.
The Foundation for Norfolk Living, Inc. will receive up to $3.7 million in Affordable Housing Program funding to aid the Haystack Woods Project, creating 10 homes, after a Small Cities Community Development Block Grant funded the purchase of the 38.92-acre site.
This comes as part of a larger investment of more than $34.3 million across the state, as well as $56 million in private investment and $15 million in first mortgage financing, to add more housing units to state resources. The Build For CT program, a collaboration between DOH and CHFA to support construction of affordable apartments for middle-income renters, also supported $18.75 million in financing agreements through the overall project.
Projects will undergo construction with financing agreements in place.
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