Two housing developments that will provide affordable housing units have received federal tax credits that represent a “critical component” of their financing. Mark Garilli, the chief executive officer of West Hartford Fellowship Housing, said the $2.1 million in tax credits they’ve received for phase two of their project were essential. Construction of phase one, which started in November, has been moving along, Garilli said. The hope is that they’ll be done by next May, which would allow them to move toward the next phase of the project. West Hartford has been working to have at least 10 percent of its total housing stock be affordable housing, an initiative that comes as some renters in town report struggling to find units that fit their budgets.
https://www.ctinsider.com/westhartford/article/west-hartford-ct-affordable-housing-tax-credits-19467735.php