Enormous need : A Ridgefield committee wants to set up an affordable-housing trust fund
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The scene on a quiet Sunday morning along Main Street, in Ridgefield, Conn. Dec. 30, 2018.Ned Gerard / Hearst Connecticut MediaShow MoreShow Less
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The scene on a quiet Sunday morning along Main Street, in Ridgefield, Conn. Dec. 30, 2018.Ned Gerard / Hearst Connecticut MediaShow MoreShow Less
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RIDGEFIELD The town’s affordable housing committee is interested in establishing a trust fund for the development of affordable housing.
Affordable housing trust funds are allowable under state law, letting towns create a trust fund that can be used to increase affordable housing in that community. Additional building fees, for example, can be tacked onto projects with money from those fees going toward the fund.