The Connecticut Office of Policy and Management has named New London as one of five municipalities receiving grants for progress in affordable housing.
New London and the other communities will each receive a $20,000 for their use of "incentive housing zones," which include mixed income housing. The "Housing for Economic Growth Program" rewards municipalities that voluntarily establish these zones. According to state statutes, municipalities must also make annual reports on progress in the zones.
Zones must meet a number of criteria and funding is awarded on a "first come, first serve" basis. East Lyme, Old Saybrook, Sharon, and Torrington also received grants, which may be used for any purpose the municipality deems fit.
“Connecticut residents need housing options they can afford,” said Secretary Ben Barnes of the Office of Policy and Management. “This program does that while also encouraging ‘smart’ development. As Connecticut works to spur economic growth, a critical component of that effort is supporting a diverse mix of housing options for people of all incomes.”