STATE TO GET $34 MILLION IN FUNDS

The Connecticut Congressional delegation announced that the Connecticut Housing Finance Authority (CHFA) will receive $34 million from the U.S. Treasury Department from the American Recovery and Reinvestment Act (ARRA) to spur the development of affordable housing across the state. In Connecticut, fewer houses are under construction, which means job losses in the building trades and related industries. And as more people are out of a job, affordable housing is in increasing demand.

“The recession has left our state sorely in need of more jobs and more affordable housing,” said Senator Chris Dodd (D-CT). “These funds will put Connecticut residents to work building affordable homes for Connecticut families.”

“During these difficult economic times, Connecticut will benefit from these funds to construct and rehabilitate homes for the citizens of our state,” Senator Joe Lieberman (ID-CT) said. “These funds will both help create housing options for our state’s low income citizens and provide more jobs.”

“Given the economic recession, there is greater need for quality, affordable housing options for moderate- and low-income families. Unfortunately, the recession has also sidelined many housing construction projects. With this funding we will spur construction and development, while creating jobs, of much-needed affordable, quality housing,” said Congresswoman Rosa L. DeLauro (CT-03).