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News : Real Estate Oct 16, 2012 - 10:43:27 AM

Five municipalities rewarded for affordable housing

By Office of Policy and Management

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HARTFORD, CT - The state Office of Policy and Management announced that five municipalities will each receive $20,000 grants in recognition of their progress in adopting “Incentive Housing Zones.”

The “Housing for Economic Growth Program” rewards municipalities that voluntarily established the zones, which include mixed-income housing.

“Connecticut residents need housing options they can afford,” said OPM Secretary Ben Barnes. “This program does that while also encouraging ‘smart’ development. As Connecticut works to spur economic growth, a critical component of that effort is supporting a diverse mix of housing options for people of all incomes.”

Barnes pointed out that grants can be used by the receiving municipalities for any purpose.

The five municipalities receiving the grants are: Old Saybrook, Torrington, New London, East Lyme, and Sharon.

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