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CL&P To Support Housing Programs

The company is supplying $7.75 million in tax credits

 

Connecticut Light & Power (CL&P) has issued a press release announcing the purchase of $7.75 million in tax credits to contribute to housing programs in Connecticut.

According to the release, the funding, which is through the Connecticut Housing Finance Authority's Housing Tax Credit Contribution program, will help 27 organizations in 12 Connecticut communities.

These tax credit programs help support affordable housing units, shelter for victims of domestic violence, energy efficient buildings and the rehabilitation of blighted industrial space, the press release says.

“These programs are much more than simply cash for the credits," CL&P President and Chief Operating Officer Jim Muntz said in the press release.  "They help strengthen communities, create jobs and drive economic growth and that helps everyone in Connecticut.”

According to the release, three New London-based organizations will receive funding, as well as seven from New Haven and two from Middletown.

Read the full list of organizations that will benefit from the program here.

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