Affordable Housing Development In New London Gets Boost From State

NEW LONDON, CT — A development in New London will receive a $2.5 million loan from the state to make units more affordable.

The development was one of nine projects across the state that signed financing agreements recently.

These developments will include 359 affordable units for low- and moderate-income renters, of which 72 will be designated as permanent supportive housing. Developments are located in Avon, Bridgeport, Hamden, Montville, New London, Newtown, South Windsor, and West Hartford.

New London's project is a 40-unit development at 208 State St. The project will offer a mix of studio, one-, and two-bedroom apartments.

Twenty of the units will be affordable to middle-income residents earning between 80 to 100 percent of the average median income through a $2.5 million Build For CT loan.

The site is well served by transit and provides access to major employment sectors in New London, including healthcare, education, maritime industries, and government services, according to a statement from the Connecticut Housing Department.

“These developments reflect our commitment to delivering high-quality housing that meets the needs of Connecticut residents across income levels,” said Commissioner of Housing, Seila Mosquera-Bruno. “With funding now in place, these communities are ready to move forward, bringing new life to underutilized properties, supporting working families, and creating housing stability across the state.”