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CT Authorizes $10M for Downtown Housing Projects
Description
Connecticuts Municipal Development Authority approves $10M in low-interest loans for housing projects in New London and Norwich, set to add 151 new apartments. The CMDA, launched in mid-2024, aims to revitalize downtowns with dense housing near transit hubs. Developers hail the initiative as a game-changer, transforming vacant buildings into vibrant spaces with retail and museums. The deals are set to be approved next month, boosting affordable living options in Connecticut.
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