That program began as an effort to spur development near the CTfastrak dedicated bus line, but has expanded to include sites near all transit stations statewide.
The program received state Competitive Housing Assistance For Multifamily Properties (CHAMP) funds and state and federal historic tax credits.
“The problem is land values are tough, and it comes back to jobs.
At least eight cities and towns have adopted Incentive Housing Zones and nearly 30 have at least a preliminary degree of participation in the program, said Kathryn Shafer, deputy policy director at the Partnership For Strong Communities.
“They know their residents are struggling or they don’t have the future workforce that they need,” Shafer said.
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High land costs and stagnant economic conditions make multifamily development financing a tricky proposition in Connecticut, according to developers who attended Monday’s event.