The State Bond Commission, meeting Friday, is poised to approve hundreds-of-millions of dollars to aid housing initiatives, clean brownfields, upgrade cultural facilities and support private development projects. Housing is a big focus of Friday’s session, with the Department of Housing in-line for $59 million to be used for grants for development projects and housing programs. Another $35 million is proposed for first-time homebuyer assistance. Another $35 million is earmarked for the state’s brownfield remediation fund, which is used to underwrite polluted-site cleanup for redevelopment. The program has been a key component in the teardown and redevelopment of abandoned and polluted industrial sites that would otherwise continue to rot away without attention due to the extreme expense of remediation.
https://www.hartfordbusiness.com/article/brownfields-commercial-development-projects-and-more-slated-to-get-hundreds-of-millions-of