The Connecticut Department of Housing and Connecticut Housing Finance Authority announced they have finalized financing agreements for 10 housing developments that will create or preserve 496 housing units in nine municipalities, including 396 affordable apartments and 74 units of permanent supportive housing.
The projects are now under construction or ready to begin construction, according to the agencies. DOH is providing about $55 million in loans and grants, while CHFA is supporting the developments with low-income housing tax credits expected to generate more than $67.5 million in private investment, along with $31.8 million in financing.
The developments include:
- 143 Percival Ave., Berlin: A 70-unit affordable senior housing community replacing a vacant former Knights of Columbus building. DOH is providing $8.75 million, while CHFA is allocating tax credits expected to generate about $8.8 million in private investment, along with $7.9 million in bond financing and a $1 million Opportunity Fund investment.
- Angela Gardens, Enfield: Conversion of a vacant former dormitory on the Felician Sisters campus into 45 affordable senior apartments. DOH is providing $6.6 million. CHFA’s support includes tax credits expected to generate more than $11.3 million in private investment, a $14.6 million construction loan and $500,000 in housing tax credit contribution funding.
- The Gallery at Biro, Fairfield: A four-story, 48-unit apartment building near major transportation corridors. CHFA is providing a $1.25 million Build For CT loan that will support 20 middle-income apartments.
- The Judd Homestead at Russo Estates, Fairfield: A 40-unit mixed-income development on a former agricultural property, including 10 supportive housing units for residents with intellectual disabilities. DOH is providing more than $11 million, while CHFA is supporting the project with tax credits expected to generate about $10.6 million in private investment, $2.6 million in bond financing and a $1 million Opportunity Fund investment.
- River Ridge Apartments, Hamden: Preservation and rehabilitation of 62 affordable apartments serving seniors and families. DOH is providing $6.1 million, while CHFA is allocating tax credits expected to generate about $3.5 million in private investment and $2.9 million in bond financing.
- East Street Housing Infrastructure Development, Morris: Infrastructure improvements supporting the future construction of eight affordable apartments. DOH is providing up to $1.25 million through its Small Cities Community Development Block Grant program.
- Holley Place, Salisbury: A new three-story building in Lakeville Village containing 14 affordable apartments. DOH is providing $4.2 million through its FLEX program and an additional $2 million in Urban Act funding.
- Willow Arms, Simsbury: Rehabilitation of an 81-unit affordable housing community, including nine supportive housing units. CHFA is allocating tax credits expected to generate approximately $17.5 million in private investment, along with $1.8 million in bond financing and a $1 million Opportunity Fund investment. DOH is providing an additional $6.8 million.
- Brookhill, Suffield: An 82-unit apartment development spread across 10 buildings, with 26 units reserved as affordable housing. CHFA is providing a $2.25 million Build For CT loan.
- West Grove Street Redevelopment, Waterbury: Redevelopment of a long-vacant site into a 46-unit mixed-income community with 36 affordable apartments and 10 supportive housing units. DOH is providing $8 million, while CHFA is allocating tax credits expected to generate $12.3 million in private investment.
The developments will serve households earning up to 80% of area median income, with some projects targeting lower-income residents and seniors.
