At the same time, rental housing remains among the nation’s most expensive.
Connecticut has the eighth-highest apartment rents in the U.
A speed dating-format event in Hartford brought together dozens of real estate developers with officials from 28 Connecticut communities that encourage multifamily housing.
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.“They know their residents are struggling or they don’t have the future workforce that they need,” Shafer said.Communities receive ,000 for joining the program and additional grants from ,000 to ,000 based upon the number of housing units in a project. Some towns, such as Fairfield, enacted town-wide rezoning, while Old Saybrook targeted specific neighborhoods with an overlay district.
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