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Connecticut has the eighth-highest apartment rents in the U.
Approximately million is awarded semi-annually, with applications seeking three to four times that amount, Lundgren said. The state is accepting applications for predevelopment loans up to million for properties located within a half-mile of public transit stations, said Garrett Eucalitto, undersecretary for Transportation Policy and Planning at the state Office of Policy and Management.
The median single-family sale price in February was 2,750, according to The Warren Group, publisher of The Commercial Record.
That’s 1 percent below February 2015, even as sales transactions rose to their highest level in nine years.
The program received state Competitive Housing Assistance For Multifamily Properties (CHAMP) funds and state and federal historic tax credits.
“The problem is land values are tough, and it comes back to jobs.
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