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25-Sep-2017 17:08

“We’re one of the oldest states in the country and we have an outmigration of the Millennials. “The little towns in Connecticut are having a problem.” Nick Lundgren, deputy commissioner of the state Department of Housing, said the state has spent over

“We’re one of the oldest states in the country and we have an outmigration of the Millennials. “The little towns in Connecticut are having a problem.” Nick Lundgren, deputy commissioner of the state Department of Housing, said the state has spent over $1 billion to help create or preserve 7,500 affordable housing units since 2011, and another 3,200 are under construction.

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“We’re one of the oldest states in the country and we have an outmigration of the Millennials. “The little towns in Connecticut are having a problem.” Nick Lundgren, deputy commissioner of the state Department of Housing, said the state has spent over $1 billion to help create or preserve 7,500 affordable housing units since 2011, and another 3,200 are under construction.

“Financial resources and political will and streamlined procedures are simply not enough.

At the same time, rental housing remains among the nation’s most expensive.

Connecticut has the eighth-highest apartment rents in the U.

Joseph Vallone, founder of Westport-based Joseph Vallone Architects Development Studio LLC, has spent over a decade redeveloping the former Roosevelt Mill in Rockville into a 68-unit complex called Loom City Lofts.

The program received state Competitive Housing Assistance For Multifamily Properties (CHAMP) funds and state and federal historic tax credits.

The program is designed to address a mismatch between housing types and lifestyle patterns that threatens Connecticut’s economic competitiveness and real estate values, housing advocates say.

The median single-family sale price in February was $222,750, according to The Warren Group, publisher of The Commercial Record.

billion to help create or preserve 7,500 affordable housing units since 2011, and another 3,200 are under construction.

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James Rabbitt, Simsbury’s director of planning and community development, and John D’Agostino, senior manager at the Connecticut Green Bank, take part in a multifamily development “speed dating” conference Monday in Hartford.Nine years ago, the state enacted incentives for communities to encourage multifamily development.At least eight cities and towns have adopted Incentive Housing Zones and nearly 30 have at least a preliminary degree of participation in the program, said Kathryn Shafer, deputy policy director at the Partnership For Strong Communities.Towns that enact smart growth zoning will reap the rewards, predicted Vallone, the Westport architect.

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“The whole transit-oriented districts are a phenomenal idea, seeing where the Millennials are getting away from the car,” he said.A speed dating-format event in Hartford brought together dozens of real estate developers with officials from 28 Connecticut communities that encourage multifamily housing.



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