Conn. invests in affordable housing in “Gold Coast”Posted: August 30, 2012
A commitment by Connecticut to spend $500 million on affordable housing over the next 10 years might help an affordable housing crunch on the the state’s Gold Coast. Darien has a median home price of more than $1 million, making affordable housing hard to come by. WSHU’s Kaomi Goetz reports a recent groundbreaking at a development in Darien underscores both the need and the difficulty of creating new units. Listen here:
The 106 rental units and new community center called ‘The Heights of Darien’ are being built with nearly $30 million dollars in federal and state tax credits. The town is also kicking in local support.