Eversource tax credit program helps Habitat for Humanities statewide

Published on Wednesday, 27 November 2019 18:28
Written by Habitat for Humanity

HARTFORD - Habitat for Humanity affiliates across Connecticut will receive grant support from Eversource via the Housing Tax Credit Contribution program operated by the Connecticut Housing Finance Authority.

The funds will go toward a variety of projects across the state.

Eversource is based in Berlin.

Eastern Connecticut will receive $500,000 to support the construction of six homes and the final phase of 14 homes being constructed in the Greeneville NRZ in Norwich.

Hartford County will receive $500,000 to complete the construction of six homes on North Main Street in Hartford.

New Haven will receive $351,000 for the building of five Habitat homes in Fair Haven and The Hill neighborhood.

Coastal Fairfield will receive $320,000 to complete eight homes in the East End, East Side, and Mill Hill neighborhoods of Bridgeport.

“We’re pleased to partner with Habitat for Humanity in their efforts to develop affordable housing in communities throughout Connecticut,” said Margaret Morton, vice president of governmental affairs of Eversource. “Habitat has a proven record of building needed, affordable housing across the state. The work they do changes people’s lives and we’re proud to support their tremendous efforts.”

Eversource’s commitment helps families across Connecticut to become first-time homeowners, influencing not only the families but the community as a whole.

The opportunity for affordable homeownership provides safety and stability, especially in the lives of children, who are 25% more likely to graduate from high school if their parents are homeowners.

Habitat homes offer more neighborhood stability and benefits to municipalities by saving about $34,000 in public expenditures when a family transitions from renting to homeownership.

Habitat for Humanity is a 503(c) nonprofit organization focused on affordable homeownership. Habitat partners with families, communities, and volunteers to build safe, decent and sustainable housing.

Each local Habitat is individually operated and is an affiliate of Habitat for Humanity International.

For more information, visit habitatct.org

Posted in New Britain Herald, Berlin, State on Wednesday, 27 November 2019 18:28. Updated: Wednesday, 27 November 2019 18:30.