North Stonington to receive $20,000 affordable housing grant

North Stonington -- Affordable housing grants totaling $210,000 will go to nine towns in the state through the Housing for Economic Growth Program, Gov. Dannel P. Malloy announced Thursday, including one town in the region.

North Stonington will receive $20,000 for predevelopment costs associated with establishing Incentive Housing Zones, using the funding to hold stakeholder meetings, develop IHZ regulations and “foster community engagement,” according to a statement from Malloy and Department of Housing Commissioner Evonne M. Klein. An IHZ allows for residential or mixed-use developments in which 20 percent of the units are for households earning 80 percent or less of the area median income. This requirement would stand for at least 30 years.

“Incentive Housing Zones are good public policy because they promote both affordable and market-rate housing and mixed-use developments in residential and business districts,” Malloy said. “These zones can help communities relieve congestion and avoid sprawl by creating more vibrant neighborhoods near businesses and existing transportation connections — allowing people to walk or take public transit to work, to visit cultural attractions, or just to enjoy an evening out.”


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