The Real Deal New York

Fairfield County municipalities to benefit from state grants for affordable housing development

August 22, 2018 02:40PM

Fairfield, Darien, Greenwich and Stamford will benefit from more than $61.5 million in grants and loans Connecticut plans to award to bolster affordable housing in the state, the Fairfield County Business Journal reported. Projects receiving financial backing include the development of a 55-unit affordable rental development in Darien, the rehabilitation of four affordable housing units in Fairfield, and asbestos remediation and quality-of-life improvements at a “moderate rental property” in Greenwich, according to the outlet. Throughout the state, the awards are expected to create or rehab 978 homes. [FBJ]