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New Connecticut Municipal Development Authority begins work to certify housing growth zones, expects to deploy bond funds
Summary
The newly formed Connecticut Municipal Development Authority (CMDA) has 10 municipalities opted in, plans to certify housing growth zones and expects to allocate existing and proposed bond authorizations to downtown and transit-oriented development later this year.
David Kouras, executive director of the Connecticut Municipal Development Authority, briefed the Finance, Revenue and Bonding subcommittee on the authority's initial activities and expected near-term work.
Authority purpose and municipal opt-in
CMDA was created to provide technical and financial assistance to municipalities that opt in to help expand housing near downtowns or transit stations. Kouras described a voluntary process: a municipality adopts a resolution to join CMDA, the authority reviews and either certifies or recommends tweaks to…
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