Waterbury could be among the first communities to join newly created Municipal Redevelopment Authority
Waterbury could be among the first Connecticut communities lined up for a piece of a new $60 million state-funded program aimed at incentivizing dense multifamily development in urban centers and near transportation hubs.
The city's Board of Aldermen, at its Monday meeting, will be asked by Mayor Paul Pernerewski to endorse the city’s enrollment with the Municipal Redevelopment Authority. This new quasi-governmental agency has, so far, been allotted $60 million, which it can use to incentivize new development projects across the state.
MRDA Executive Director David Kooris, in a recent interview, said he aims to produce a few early successes, which should convince state lawmakers to commit additional funding. He expects funding to begin feeding out to projects this year.
In recent weeks, officials in Naugatuck, Derby and New London have agreed to enroll with MRDA. Officials in Bridgeport, Danbury and Old Saybrook are actively considering enrolling.