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Facing higher construction costs and interest rates, some developers turn to affordable housing projects

Facing higher construction costs and interest rates, some developers turn to affordable housing projects

by Kimberly Glassman | Jun 27, 2023 | Uncategorized

Lewis Brown, principal of affordable housing developer Honeycomb Real Estate Partners, expects to launch a $26 million transformation of the run-down West Hartford Inn into 44 affordable apartments this fall. Soaring interest rates and construction costs, along with...
Facing higher construction costs and interest rates, some developers turn to affordable housing projects

Hartford’s North End flooding woes to be addressed with $170M

by Kimberly Glassman | Jun 27, 2023 | Uncategorized

For decades, homes in Hartford’s North End have been plagued by regular flooding, and nobody took responsibility for fixing the problem. But on Monday, state and local officials, led by Gov. Lamont and U.S. Senator Richard Blumenthal, announced a $170 million project...
Facing higher construction costs and interest rates, some developers turn to affordable housing projects

Wage theft in CT: Millions stolen from workers since 2019

by Kimberly Glassman | Jun 26, 2023 | Uncategorized

The exact amount of stolen wages in Connecticut is unknown, but some insight can be gleaned from complaints filed by workers to the departments of labor at both the state and federal levels, which investigate these complaints and can order employers to pay back wages....
Facing higher construction costs and interest rates, some developers turn to affordable housing projects

New London to get $17 million for transit hub improvements

by Kimberly Glassman | Jun 26, 2023 | Uncategorized

The U.S. Department of Transportation has awarded New London $17 million for planned transit-related infrastructure improvements downtown, the largest portion going toward expansion of the city’s Water Street parking garage, U.S. Rep. Joe Courtney, D-2nd, announced on...
Facing higher construction costs and interest rates, some developers turn to affordable housing projects

Crystal Mall seen as suitable for mix of commercial, residential development

by Kimberly Glassman | Jun 26, 2023 | Uncategorized

A dying mall near the junction of two interstates and within hailing distance of a transportation hub might be ripe for what planners call “repurposing.” If that mall is in a growing, well-populated area that’s short on housing, particularly affordable housing, that...
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The Foundation for Fair Contracting of Connecticut (FFC) is a non-profit organization that promotes fairness and accountability in public works construction. Since 1994, we’ve worked to enforce prevailing wage laws, ensure proper worker classification, and support compliance with state standards to protect workers’ rights and help contractors follow the rules.

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