DANBURY, Conn. — The State of Connecticut is awarding $17.96 million in loans and grants to help fund 10 affordable housing developments in the State Sponsored Housing Portfolio, including a $2.5 million grant to Danbury.
The state Department of Housing will provide funds to assist Fairfield Ridge Housing Associates in rehabilitating the Fairfield Ridge Apartments, at 1-60 Fairfield Ridge Road in Danbury.
Fairfield Ridge Apartments is moderate rental family housing with a mix of 45 two-bedroom units and 13 three-bedroom units in duplex and ranch-style homes.
Additional financing of $6.3 million will also be made available through the Connecticut Housing Financing Authority and the Low-Income Housing Tax-Credit Program for the Danbury development.
“My administration has made increasing the availability of affordable housing a key component of our strategy to invigorate Connecticut’s economy,” said Gov. Dannel Malloy. “We are working on a detailed 10-year plan that recommends priorities and plots out capital investments to revitalize some of the state’s existing affordable housing and will make the properties sustainable for the long term.”
The grants come as part of the 10-year, $300 million State-Sponsored Housing Portfolio Revitalization Initiative to fund the rehabilitation of over 340 properties where 19,000 people reside. In many cases, this housing offers the only affordable option for some of the state’s lowest income residents.
“By taking these necessary steps to rehabilitate our housing portfolio, we are ensuring that Connecticut residents will have an affordable, quality, and safe place to call home for years to come,” said Housing Commissioner Evonne Klein.
The financing will also be distributed among the following projects:
• Brooklyn – $2.047 million to assist in the complete rehabilitation of two existing vacant buildings owned by the Brooklyn Housing Authority.
• Hamden – $2.805 million to assist in the rehabilitation of Hamden Village and Hamden Village Extension, owned by the Hamden Housing Authority.
• Hartford – $950,000 to assist Community Renewal Team Inc. in the rehabilitation of Jackie Schaffer Apartments, a 10-unit affordable housing development.
• Old Lyme – $2.057 million to assist Shoreline Affordable Housing Inc. in the rehabilitation of Rye Field Manor, a 39-unit affordable elderly development.
• Newington – $2.495 million to assist the Newington Housing Authority in the rehabilitation of New Meadow Village, Cedar Village, and Keleher Park developments.
• Vernon – $3.913 million to assist the Vernon Housing Authority in the rehabilitation of Francis J. Pitkat Congregate Living Center, with 43 units for elderly residents.
• Waterbury – $1.192 million to assist St. Vincent dePaul Mission in the rehabilitation of Liberty Hall Apartments, a 16-unit building.
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