The State Bond Commission on Wednesday approved hundreds of millions of dollars in new financing to spur apartment and affordable housing developments in Hartford and other transportation-related improvements, among other allocations. The largest approval on Wednesday was a $135 million request from the Connecticut Department of Transportation for various resurfacing and reconstruction projects and road and bridge repairs. In Hartford, other borrowing requests approved included $13.5 million in loans for the creation of 155 apartment units downtown. The funds were requested by the quasi-public Capital Region Development Authority (CRDA). CRDA Executive Director Michael Freimuth responded by saying the financing was needed because many housing projects downtown lack any level of return on investment.
https://www.hartfordbusiness.com/article/bond-commission-oks-funding-for-hartford-apts-transportation-projects