CT eyes borrowing hundreds of millions for housing, marina upgrades, trans-Atlantic flight and other economic development efforts

The state Bond Commission, on Friday, will consider borrowing $680.7 million for a laundry list of economic development and other initiatives. Housing is a leading theme, with officials set to borrow $192 million for various development and maintenance programs. The state Department of Housing is up for $135 million for its “flexible housing program,” a key initiative to partner with developers, municipalities and nonprofits for the creation of affordable housing. Friday’s agenda includes funding for a host of economic development efforts. Hartford, for instance, is up for $5.4 million for a cleanup of a roughly 33-acre abandoned junkyard along Bartholemew and Flatbush avenues. There’s also $1.36 million in revenue guarantees for Aer Lingus to ensure the airline continues its direct flight out of Bradley International Airport to Dublin, Ireland through 2026.

https://www.hartfordbusiness.com/article/ct-eyes-borrowing-hundreds-of-millions-for-housing-marina-upgrades-trans-atlantic-flight

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