Monthly Archives: April 2016

Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 15.1 percent comparing March 2016 to March 2015. The median sales price of $230,000 reflects no change from the same time period last year. Median indicates that half the homes sold for more and half for less. Total units of homes sold were 2,360 in March 2016 and 2,051 in March 2015

U.S. Senator Chris Murphy (D-Conn.) today announced committee passage of a key provision in the FY 2017 Transportation, Housing, and Urban Development (HUD), and Related Agencies Appropriations bill that will improve living conditions for residents at HUD-assisted housing units. After learning that HUD did not adequately assess hazards like asbestos and mold at Church Street South in New Haven, Murphy fought to ensure that the bill will significantly strengthen inspection and oversight at properties owned, insured, or subsidized by HUD, and that those properties are decent, safe, and in good repair

Congressman Joe Courtney (CT-02) released the following statement after passage of the House Armed Services Committee Readiness Subcommittee mark of the 2017 National Defense Authorization Act today

Governor Dannel P. Malloy today announced that - with Connecticut facing more frequent and severe weather events as a result of global warming - he is directing state agencies to develop new building code standards that will better protect residential and commercial structures from damage caused by flooding and high winds.

Connecticut Housing Finance Authority (CHFA) Executive Director Karl Kilduff and CHFA Board Chairwoman and Department of Housing (DOH) Commissioner Evonne M. Klein, announced that CHFA’s Board of Directors has approved $7.1 million in Federal 9% Low Income Housing Tax Credits (LIHTCs) to six proposed affordable multifamily housing developments. These developments will result in 320 affordable rental units and 65 market rate units. The $7.1 million in LIHTCs are expected to generate more than $70 million private equity for the developments. The development of these properties is projected to generate 527 jobs and $175,680 million in economic activity.