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In 2014, LISC, the State of Connecticut Department of Economic & Community Development (DECD), and the Connecticut Housing Finance Authority (CHFA) launched a $15 million loan fund to encourage transit-oriented development around station stops along CTfastrak and the New Haven-Hartford-Springfield rail corridor.
In April of 2016, the Connecticut TOD Fund was expanded to cover all bus rapid transit and commuter rail corridors statewide, including: CTfastrak; the Hartford Line; Shoreline East; and MetroNorth – New Haven Main Line and the New Canaan, Danbury, and Waterbury Branch lines.
The fund includes $13 million from LISC, $1 million from the State of Connecticut DECD, and $1 million from CHFA. The fund is managed by LISC. It provides predevelopment and acquisition loans to eligible projects to promote a mix of transit-oriented uses including new housing, retail, and commercial space.
For more information about LISC Transit-Oriented Development work across the country click here.
Learn more about loan terms and eligibility.