Oak Terrace to Get $250K Grant

The Naugatuck Housing Authority will receive a $250,000 state grant for architectural design, environmental studies and other early-stage development costs at the Oak Terrace senior and disabled housing complex on Conrad Street.

The money for the public housing complex was announced with about a dozen other state projects for similar complexes statewide that was announced Friday by Gov. Dannel Malloy.

Sen. Joan Hartley, D-Waterbury, whose district includes part of Naugatuck, said the money is good for the residents of Oak Terrace as well as the larger community.

“This Oak Terrace facility is accessible to downtown Naugatuck, local retail and support services, transportation options, and employment options for residents – building blocks for housing that will meet the needs of those who live there,” she stated in a news release.

In that same release, Sen. Joseph Crisco, D-Woodbridge, whose district also covers Naugatuck, stated in that same news release that investment in local housing stock will pay dividends over the long-term not only because it improves quality of life for seniors, but also stabilizes the neighborhood and improves the local economy.

“An adequate supply of suitable housing is the foundation for a strong community,” he said.

The money is part of Malloy’s stated 10-year commitment to provide affordable housing options for seniors, young professionals, working families and other residents. Funding for this grant program will require approval by the State Bond Commission, which is expected to consider the matter at its next meeting, scheduled for Dec. 13.

“Increasing the availability of affordable housing is a top priority because the benefits extend far beyond the families and communities immediately impacted,” Malloy stated in a news release. “More and more, we understand the economic results — studies show that affordable housing increases spending and employment opportunities, boosts revenue for local governments, and reduces foreclosures and the negative associated costs.  Expanded housing options for our workforce also give employers a competitive advantage when trying to attract top talent to their companies.”