Renters in Connecticut are short on options with prices soaring.
“Currently, Connecticut has a shortage of 85,000 units of affordable housing for those families that earn an income of 80% or below the AMI,” Renée Dobos, CEO of Connecticut Housing Partners, told The Center Square. AMI is an acronym for area medium income.
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A total of 12 cities will be receiving funding through Connecticut Gov. Ned Lamont’s new grant program.
The governor announced $45 million will be awarded through the Connecticut Communities Challenge Grant Program, which works to leverage $74 million in nonstate, private funding to prop up projects aimed at improving livability and vibrance of cities.
“Investing in our communities is a key part of our plan to accelerate long-lasting and equitable economic development in Connecticut,” Lamont said in a release. “This new grant program we launched will have wide-ranging impacts as we emerge stronger than ever from the pandemic, creating new jobs, improving the vibrancy and quality of life in our neighborhoods, and making all corners of the state even more attractive for investment and opportunity.”
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