Right-Sizing Affordable Housing Projects for Your Community
Thursday, October 18, 2018
4 p.m. - 5:15 p.m. EDT
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There is a need for affordable housing in communities throughout Southern New England, however many communities are unable, or unwilling, to permit projects to go forward. This is particularly true in smaller communities where there is often a fear of large affordable housing projects that may not fit the character of the community.
Given the lack of affordable housing in many of Connecticut’s rural and suburban communities, a unique partnership between the Connecticut Housing Finance Authority (CHFA) and the Local Initiative Support Corporation (LISC) was formed. CHFA developed a program which would provide small planning grants and technical assistance to rural and suburban communities to help spur on affordable housing development at the appropriate scale for the community. In 2007, CHFA selected LISC and the Housing Coalition of Connecticut to administer the program. Since its inception, the Housing Connections Program has provided technical assistance to 98 local organizations to support the development of over 539 units of affordable housing, with an additional 617 units in progress. This new housing development represents over $100 million of total financing invested in Connecticut’s rural and suburban communities. Most importantly, each new development reflects its local character and is developed and owned by local residents.
Jonathan Cabral, email@example.com