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The Armstrong grant is part of nearly $28 million awarded by the state to support the development of affordable housing across Connecticut. It is part of the latest round of funding under the state’s Competitive Housing Assistance for Multifamily Properties program, Gov. Dannel Malloy and Housing Commissioner Evonne M. Klein announced Thursday.
CHAMP, administered by the housing department, provides developers and owners of multifamily affordable housing the necessary gap financing to create more affordable units in their developments.
The Armstrong Court Apartments is one of eight CHAMP recipients. The project is the first phase of the housing authority’s plan to revitalize the Armstrong Court development, which was originally built in 1951. The new units will be townhouse-style apartments in six buildings and will have six two-bedroom units and twelve three-bedroom units. The units will be built on an undeveloped portion of the existing.
“Affordable housing is a key component of economic growth and stability,” Klein said. “These investments throughout the state ensure Connecticut’s continued economic recovery and the ability to remain an attractive state to call home, work and raise a family.
"The CHAMP funding rounds provide an excellent opportunity for municipalities to attract a workforce, keep seniors in their community, give young families a start and provide a home to someone who has been homeless," Klein said. "I am proud to say that we have made real progress when it comes to expanding access to affordable housing while working to prevent and end homelessness.”
The CHAMP awards will play a role in helping to create, rehabilitate or preserve 200 units of affordable housing and focus on expanding access to transit-oriented development, creating new veterans housing units and adding supportive housing for those who are living with disabilities.
“Affordable housing is key to creating vibrant communities that attract families, workers, businesses and private investments," Malloy said. "Access to housing helps boost competitiveness, attracts business and builds our economy."
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