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The plan is designed to create greater opportunity for low- and moderate-income Connecticut residents to access safe, secure, affordable housing, both in multifamily and single family situations.
The grants will support the development of 668 affordable units in 16 communities.
The existing buildings at Armstrong Court were originally constructed in 1951.
“We’re constantly discussing options for our customers in the face of hardship,” says Patriot Bank President Richard Muskus Jr. “We will do what we can as an organization to help them – the bank is not going to abandon them.”