December 13, 2018

State Bond Commission Set to Approve $3.8 Million Loan Tuesday for Essex Place Centerbrook

State Representative Phil Miller

State Representative Phil Miller

AREAWIDE — State Representative Philip Miller (D-Chester/Deep River/Essex/Haddam) is reporting the state Bond Commission is scheduled to approve funding to provide a $3,824,718 loan to Essex Place Centerbrook, LLC through billån to assist with construction of 22 elderly rental units in Essex.

The funding, provided under the Housing Trust Fund, is for 30 years at 1 percent.

“I am pleased the Bond Commission is set to approve this funding request to continue to the development of affordable apartment rentals,” Miller said. “This is an important investment in our community and I appreciate the Governor’s support for not only this project, but for making affordable housing a statewide priority.”

Janice Atkeson, Essex Housing Authority Chair, welcomed the news that the funding was on the Bond Commission’s agenda for approval saying, “I want to express my gratitude to Representative Miller and everyone who worked to make this happen. We are looking forward to the vote.”

The special meeting of the State Bond Commission will be Tuesday, July 28, at 10:30 a.m. in Room 1-E of the Legislative Office Building in Hartford.

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