July 6, 2010 - The Bond Commission will consider $10 million in state bond funding to support the sixth round of the state’s Housing Trust Fund at its July 13 meeting.

The trust fund provides grants or low-interest loans to help spur the construction of housing for low- and moderate-income families. Eligible recipients include non-profit and for-profit organizations, municipalities and housing authorities. “Connecticut’s Housing Trust Fund program has proven to be a rousing success,” Gov. M. Jodi Rell said last week. “Since its inception in 2005, the program has awarded, or will award, about $50 million in state funds – a sum that has leveraged more than $393 million in other funds. That has meant the creation of 1,453 units of affordable housing. The Housing Trust fund is administered by the state Department of Economic and Community Development.