State OKs $6 million loan for Columbus Commons

The State Bond Commission approved a $6 million loan to go towards the first phase of New Britain’s Columbus Common project Friday morning. The $6 million, 50-year, interest-free loan will help project stakeholders with the first phase of the project: the building of the first structure. The L-shaped building will contain 80 new units of rental housing, 64 of them being income-restricted, affordable units.

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