OLD LYME — Potential buyers of two planned affordable housing units in town are not required to reside in Old Lyme prior to the purchase, Affordable Housing Commission Chair Michael Fogliano told CT Examiner on Wednesday.
The clarification came after questions were raised at a May 1 Board of Selectmen meeting regarding the use of $150,000 in American Rescue Plan funds for part of the McCulloch property project.
Wording in the grant application specified using the funds for “Affordable housing for those living and working in Old Lyme.”
Fogliano explained the category was a non-editable multiple choice item and the closest fit for the project. The category does not specify “currently living,” he said, and the affordable housing occupants will be Old Lyme residents after they take up occupancy.
“Neither the ARPA Grant application nor the terms of the ARPA Grant award include any residency requirement for the buyers of the affordable homes to be constructed,” he said.
According to the application, the funds “would first be used to initiate and complete site planning,” including home design, plot plan for the homes, well and septic, electric as well as miscellaneous and associated permits and fees.”
“The grant agreement is complete; there are no approval or stipulation additions,” Fogliano said.
The project is expected to be completed by Dec. 31, 2026.