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GOV. MALLOY: EXPANDING AFFORDABLE HOUSING OPPORTUNITIES IS CRITICAL TO BUILDING STRONGER COMMUNITIES
New Investments will Help Create 131 Units of Affordable Housing
(HARTFORD, CT) - Governor Dannel P. Malloy today announced the state is awarding $10,649,077 in grants and loans for eight projects and programs that will create 131 units of affordable housing throughout the state.
"Increasing the supply of all types of affordable housing is one of the best ways we can build stronger communities, reduce homelessness, promote transit-oriented development and improve the quality of life for our residents," said the Governor. "These are smart investments that are making a real difference in peoples' lives."
The projects and programs are being funded through the state's Affordable Housing Program, which provides grants, loans, loan guarantees, and deferred loans for the development and preservation of affordable housing. Funds from the program, administered by the Department of Housing (DOH), can be used for a wide array of activities including new construction, rehabilitation, demolition and the redevelopment of vacant properties. These eight recipients were chosen competitively through the DOH's Special Priority Projects and Program NOFA.
The funding recipients are:
Hartford
Chrysalis Center - $2,976,000
Chrysalis Center will be provided a loan to assist in the development of Legion Court Veterans Housing project located at 89 Webster Street in Hartford. Legion Court will contain 12 newly constructed two-bedroom supportive housing units for homeless veteran families targeted to veterans suffering from mental illness, substance abuse and Post Traumatic Stress Disorder. The project will be developed on what is now a currently vacant site. DOH funds will target families between 25% and 50% of area median income.
Chrysalis Center - $2,976,000
Chrysalis Center will be provided a loan to assist in the development of Legion Court Veterans Housing project located at 89 Webster Street in Hartford. Legion Court will contain 12 newly constructed two-bedroom supportive housing units for homeless veteran families targeted to veterans suffering from mental illness, substance abuse and Post Traumatic Stress Disorder. The project will be developed on what is now a currently vacant site. DOH funds will target families between 25% and 50% of area median income.
New Milford
Brookside Commons Supportive Housing - $1,998,597
A loan to Brookside Commons to construct a proposed 12-unit supportive housing development located on 1.47 acres at 7 Thomas Lane in New Milford. The site currently contains an abandoned commercial laundry building which will be torn down. Brookside Commons will include a new three story structure.
Brookside Commons Supportive Housing - $1,998,597
A loan to Brookside Commons to construct a proposed 12-unit supportive housing development located on 1.47 acres at 7 Thomas Lane in New Milford. The site currently contains an abandoned commercial laundry building which will be torn down. Brookside Commons will include a new three story structure.
Stamford
Fairfield Commons II Supportive Housing - $1,187,000
A loan to Mutual Housing Association of Southwest Connecticut to construct Fairfield Commons II, a 6-unit development that is the second phase of a 12-unit total supportive housing development located in Stamford. The entire development is new construction and the first phase, currently underway, will be completed this fall.
Fairfield Commons II Supportive Housing - $1,187,000
A loan to Mutual Housing Association of Southwest Connecticut to construct Fairfield Commons II, a 6-unit development that is the second phase of a 12-unit total supportive housing development located in Stamford. The entire development is new construction and the first phase, currently underway, will be completed this fall.
Beacon II - $1,460,480
The Shelter for the Homeless will receive a loan to develop 31 enhanced single room occupancy units and one efficiency apartment for homeless persons with incomes below 25% of the area median income. Shelter for the Homeless will create these units through the rehabilitation of properties on Ann, Spruce, and Berkeley streets in Stamford's west end. The Beacon II project is the most recent housing project being completed by Shelter for the Homeless, with prior projects including Berkeley House and Beacon I on Stone Street
The Shelter for the Homeless will receive a loan to develop 31 enhanced single room occupancy units and one efficiency apartment for homeless persons with incomes below 25% of the area median income. Shelter for the Homeless will create these units through the rehabilitation of properties on Ann, Spruce, and Berkeley streets in Stamford's west end. The Beacon II project is the most recent housing project being completed by Shelter for the Homeless, with prior projects including Berkeley House and Beacon I on Stone Street
Bridgeport
Bridgeport Affordable Housing Loan Program - $1,000,000
A grant will be provided to ComCap, a non-profit organization which has provided over $25 million and assisted in the development and rehabilitation of over 1,000 units, will provide financing for the development and preservation of affordable multi-family rental housing for low- and moderate-income families in Bridgeport. This funding will focus on financing projects in transit-oriented neighborhoods with a projected goal of developing or rehabilitating 40 units of transit -oriented rental housing with this funding.
Bridgeport Affordable Housing Loan Program - $1,000,000
A grant will be provided to ComCap, a non-profit organization which has provided over $25 million and assisted in the development and rehabilitation of over 1,000 units, will provide financing for the development and preservation of affordable multi-family rental housing for low- and moderate-income families in Bridgeport. This funding will focus on financing projects in transit-oriented neighborhoods with a projected goal of developing or rehabilitating 40 units of transit -oriented rental housing with this funding.
Hartford, New Britain and East Hartford
Hartford Area Habitat for Humanity - $1,500,000
This grant funding will allow the Hartford Area Habitat for Humanity to create 20 affordable owner-occupied homes in Hartford, New Britain and East Hartford. Homes assisted under this program will be located within a quarter mile of a bus service to major employment centers and will be available to homebuyers with incomes less than 80% of area median income.
Hartford Area Habitat for Humanity - $1,500,000
This grant funding will allow the Hartford Area Habitat for Humanity to create 20 affordable owner-occupied homes in Hartford, New Britain and East Hartford. Homes assisted under this program will be located within a quarter mile of a bus service to major employment centers and will be available to homebuyers with incomes less than 80% of area median income.
Eastern Connecticut
Habitat for Humanity of Eastern Connecticut - $375,000
This grant funding will allow Habitat for Humanity of Eastern Connecticut to expand its affordable homeownership program in Eastern Connecticut and is expected to create 10 units of housing.
Habitat for Humanity of Eastern Connecticut - $375,000
This grant funding will allow Habitat for Humanity of Eastern Connecticut to expand its affordable homeownership program in Eastern Connecticut and is expected to create 10 units of housing.
Statewide
Connecticut Housing Coalition Affordable Housing Academy - $197,000
The Connecticut Housing Coalition is receiving grant funding to deliver this second Affordable Housing Academy in order to provide housing development teams with the knowledge, tools and detailed project assistance needed to produce high quality housing that incorporates the shared interests of owners, managers, developers, funders, community stakeholders and residents.
Connecticut Housing Coalition Affordable Housing Academy - $197,000
The Connecticut Housing Coalition is receiving grant funding to deliver this second Affordable Housing Academy in order to provide housing development teams with the knowledge, tools and detailed project assistance needed to produce high quality housing that incorporates the shared interests of owners, managers, developers, funders, community stakeholders and residents.
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For Immediate Release: September 22, 2014
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