New London A planned affordable housing complex on Bayonet Street in New London has received a sizable financial boost from the state.
The State Bond Commission at its Dec. 18 meeting approved a $4 million grant from the state Department of Housing that will help fund the first phase of a 64-unit complex under development by Eastern Connecticut Housing Opportunities, or ECHO.
That grant, combined with funding from a variety of other sources, gets ECHO to the $7 million mark needed to start the project in the spring, ECHO Executive Director Peter Battles said. ECHO is a nonprofit housing development company that has been serving eastern Connecticut since 1989.