Conn. governor to promote housing spending plan

AP News
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Posted: Feb 17, 2012 11:19 AM
Conn. governor to promote housing spending plan

Connecticut Gov. Dannel P. Malloy is promoting the state's commitment to spending nearly $500 million for affordable housing.

Malloy is set to give the keynote speech in Hartford Friday at the Connecticut Mortgage Bankers Association's housing symposium.

Malloy says the nearly $500 million over 10 years is the largest contribution of its kind in decades.

Much of the money would be spent to fix up dilapidated and vacant public housing across the state.

The Connecticut Housing Finance Authority says about 10 percent of the 1,400 units of state-funded affordable housing in Connecticut is vacant or uninhabitable.