Lamont also said he’d support transit-oriented development in downtowns across the state, a proposal that’s received harsh backlash from some local groups and officials.
The state budget is still a work in progress, and lawmakers will work with the governor to hash out the final figures in the coming weeks. It also has funds to retrofit apartments in environmental justice communities - certain communities of color that have been disproportionately impacted by climate change. It would add money to the Connecticut Housing Receivership Revolving Fund, which aims to improve housing conditions at large apartments in the state. The bonding proposal that emerged from the committee process includes money for the state’s housing trust fund, a flexible housing fund and a homeownership program.Įast Hartford facing ‘summer of demolition’ as redevelopment progresses “And that’s not just affordable housing, and what I call workforce housing - those are our studios and one bedrooms - often in downtown areas, hopefully next to major transit areas.”Įarlier in the year, Lamont announced his plan to spend $600 million on housing ventures, including to build thousands of units of new housing in Connecticut over the next two years. “We’ve put $600 million over the next two years into housing,” Lamont said. Lamont’s remarks on Monday came as the state legislature is considering several measures to increase housing stock and improve affordability for Connecticut residents. The state also lacks about 89,000 units of housing that are affordable and available to its lowest income renters.Īverage long-term US mortgage rate falls to 6.35% this week, lowest level in 5 weeks The Realtors’ presentation tied that low inventory to underbuilding and delays in finishing new construction. 14, there were about 3,600 homes for sale compared to about 15,000 in 2019, according to data from a presentation members of the National Association of Realtors gave to lawmakers earlier this year.
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