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Yellen Announces $100M Fund to Boost Affordable Housing

Yellen Announces $100M Fund to Boost Affordable Housing

by The Associated Press | Jun 24, 2024 | Commercial & Industrial, CR Daily, Industry News

The Biden administration is announcing new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years.

Providing Patient Capital for Low-Income Communities

Providing Patient Capital for Low-Income Communities

by Steve Adams | Apr 26, 2024 | Commercial & Industrial, In Person, Industry News

Connecticut developers that build income-restricted housing and community facilities in low-income communities have a reliable partner in the BlueHub Loan fund run by Karen Kelleher.

Affordable Housing Proposed to Replace Historic Building in New Haven

Affordable Housing Proposed to Replace Historic Building in New Haven

by The Commercial Record | Feb 15, 2024 | Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

The New Haven Board of Zoning Appeals earlier this week heard a proposal to tear down a vacant building on Orchard Street to make way for affordable housing.

Citizens Puts $50B Toward Helping Clients Go Green

Citizens Puts $50B Toward Helping Clients Go Green

by Nika Cataldo | Sep 20, 2023 | Banking & Lending, CR Daily, Industry News

Citizens Bank is setting a $50 billion target to finance both “green” and “social” initiatives and projects by 2030.

Hartford ‘Missing’ 26K Households

Hartford ‘Missing’ 26K Households

by James Sanna | Jun 26, 2023 | Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

A new study from listings portal Zillow has sought to quantify the effects of a decade or more of under-building in the nation’s housing markets by estimating how many families are doubled-up – or worse – in apartments.

Legislators Pass Housing Bill, Minus Zoning Reform Mandate

Legislators Pass Housing Bill, Minus Zoning Reform Mandate

by The Commercial Record | Jun 5, 2023 | Commercial & Industrial, CR Daily, Industry News

Instead of housing production targets, Connecticut’s towns and cities will be getting “aspirational” suggestions from state housing officials.

Lamont Plugs $600M Housing Plans in Bridgeport

Lamont Plugs $600M Housing Plans in Bridgeport

by The Commercial Record | Feb 17, 2023 | Commercial & Industrial, CR Daily, Industry News

Gov. Ned Lamont visited Bridgeport Thursday to tout a piece of his two-year budget proposal that would dramatically expand state spending on housing development.

Some Communities Stumble on Housing Plan’s First Step

Some Communities Stumble on Housing Plan’s First Step

by Steve Adams | Jun 9, 2022 | Commercial & Industrial

Connecticut communities have begun submitting to state officials their homegrown strategies for creating more affordable housing.

JPMorgan Chase Invests $400K in Fairfield County Housing Initiative

JPMorgan Chase Invests $400K in Fairfield County Housing Initiative

by The Commercial Record | May 4, 2022 | Banking & Lending, CR Daily, Executive Briefing

JPMorgan Chase has invested $400,000 in Fairfield County’s Community Foundation as part of an ongoing partnership to advance racial equity and housing stability in Fairfield County.

Torrington Savings Foundation Awards $90K in Grants

Torrington Savings Foundation Awards $90K in Grants

by The Commercial Record | Aug 23, 2021 | Banking & Lending, CR Daily, Executive Briefing

Torrington Savings Bank’s charitable foundation awarded more than $90,000 in grants during its spring grant cycle.

KeyBank Provides Capital for New Haven Affordable Apartment Building

KeyBank Provides Capital for New Haven Affordable Apartment Building

by The Commercial Record | May 24, 2021 | Banking & Lending, CR Daily, Executive Briefing

KeyBank has provided $37.5 million of capital for the acquisition and renovation of an affordable senior housing property in New Haven.

16 Projects Split $49M in State Affordable Housing Funding

16 Projects Split $49M in State Affordable Housing Funding

by The Commercial Record | Apr 13, 2021 | Commercial & Industrial, CR Daily, Industry News

A new round of state funding will help finance the development of hundreds of new affordable housing units around the state.

Mass Timber Affordable Apartments Pitched in New Haven

Mass Timber Affordable Apartments Pitched in New Haven

by James Sanna | Nov 2, 2020 | CR Daily, Industry News

A local developer is proposing to build 69 apartments at a parcel just north of the city’s popular Broadway shopping district.

Leading the Fight Against Exclusionary Housing Policies

Leading the Fight Against Exclusionary Housing Policies

by Steve Adams | Sep 17, 2020 | Commercial & Industrial, In Person, Industry News

Kiley Gosselin is passionate about promoting policies that support affordable housing, a central part of her role as executive director of the Partnership for Strong Communities.

Trump: ‘Suburban Dream’ Preserved by Revoking Fair Housing Rule

Trump: ‘Suburban Dream’ Preserved by Revoking Fair Housing Rule

by The Associated Press | Jul 30, 2020 | Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

President Donald Trump amplified a message in a tweet Wednesday that is growing into a central theme of his reelection campaign against Joe Biden: an assertion that crime and chaos would ravage communities should the former vice president win the White House in November.

Stalled Norwak Development Reimagined as Affordable Housing

Stalled Norwak Development Reimagined as Affordable Housing

by James Sanna | Jul 20, 2020 | Commercial & Industrial, CR Daily, Industry News

The developers of a stalled multifamily project in downtown Norwalk are hoping to convert the 151-unit project to a largely affordable housing development.

Two Apartment Buildings Pitched in Fairfield

Two Apartment Buildings Pitched in Fairfield

by James Sanna | May 29, 2020 | Commercial & Industrial, CR Daily, Industry News

A pair of local developers are asking Fairfield town officials for permission to build a total of 66 apartments near one of the town’s train stations.

16 Projects Split $49M in State Affordable Housing Funding

Massachusetts Developer Hits ‘Pause’ on Newington Apartments

by The Commercial Record | May 13, 2020 | Commercial & Industrial, CR Daily, Industry News

Newington will have to wait another year for a planned apartment complex there to take shape.

Military Housing Is Too Often Unfit to Serve

by Lew Sichelman | Apr 9, 2020 | Industry News, Opinion, Residential Real Estate

Infestations of rats, mice and other rodents. Toxic black mold. Lead paint. These are the conditions found in much housing provided to our military personnel. And the Pentagon doesn’t appear to have it’s eye on the ball.

Fairfield Affordable Housing Project Gets Planning OK

Fairfield Affordable Housing Project Gets Planning OK

by The Commercial Record | Feb 28, 2020 | Commercial & Industrial, CR Daily, Industry News

An affordable housing development in Hartford has been approved by town planning officials, despite staunch local opposition.

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