GOV. MALLOY URGES LEGISLATURE TO APPROVE $25 MILLION TO HELP SHORELINE RESIDENTS PREPARE FOR FUTURE SEVERE WEATHER AND FLOODING
(EAST HAVEN, CT) – Governor Dannel P. Malloy is urging the Connecticut General Assembly to adopt legislation he introduced that will provide an authorization of up to $25 million to support the launch of the Shoreline Resiliency Fund – a low-interest loan program the Governor created late last year that will help residents who are subject to coastal flooding elevate their homes and flood-proof their businesses. While start-up costs to administer the program were approved in January , the fund cannot begin helping residents and businesses until it receives financing. “The frequency of severe weather has been increasing, putting homes and businesses near Connecticut’s historic and valued shoreline at risk,” said Governor Malloy, who made the announcement at…