The state Office of Policy and Management (OPM) announced today that East Lyme will receive a $20,000 grant in recognition of its progress in developing affordable housing.
In all, only five municipalities received these grants—East Lyme, Old Saybrook, Torrington, New London, and Sharon. The grant money comes from the “Housing for Economic Growth Program,” which rewards municipalities for voluntarily establishing "Incentive Housing Zones" that include mixed-income housing.
“Connecticut residents need housing options they can afford,” said OPM Secretary Ben Barnes. “This program does that while also encouraging ‘smart’ development. As Connecticut works to spur economic growth, a critical component of that effort is supporting a diverse mix of housing options for people of all incomes.”
The grants can be used by the receiving municipalities for any purpose.