Gov. Ned Lamont plans to nearly double the state’s investment in affordable housing development, raising it to $600 million in the coming two-year state budget, according to documents released Wednesday. Lamont unveiled his $50.5 billion two-year budget proposal Wednesday in a speech focused on economic growth that benefits a wider range of incomes. That speech carried a heavy focus on meeting growing housing needs, as well as investing in education, workforce training, child care and tax cuts aimed at lower-income households. Lamont’s budget aims to incentivize developers to build 6,400 housing units in the next two years. That spending includes $50 million annually for the Housing Trust Fund administered by the State Department of Housing. It provides loans and grants for affordable housing development.
https://www.hartfordbusiness.com/article/gov-lamont-proposes-600m-for-affordable-housing-tying-it-to-fair-economic-growth