Mutual Housing Association Of Southwestern CT, Inc

 

 

    NEW PROJECTS IN DEVELOPMENT

 

 

New Projects

Friendship House

Friendship House - 28 Perry Street – Stamford, CT

Friendship House is a 121-unit high-rise overlooking Long Island Sound and Washington Park in Stamford.  Constructed in 1968, Friendship House offers spacious one, two, and three-bedroom units and stunning views of the Long Island sound.  The property was purchased by MHA in partnership with New Neighborhoods, Inc. in July 2004 to preserve and maintain the building as an affordable rental community.  Together, the two non-profit organizations are securing low income housing tax credits and tax exempt bond financing through the Connecticut Housing Finance Authority to undertake a $10 million renovation of the building.   Renovations are expected to being in the summer of 2005.

     

Fairfield Commons

Fairfield Commons - 20-28 Fairfield Avenue - Stamford, CT

In 2001, MHA acquired 5 historic homes along Fairfield Avenue in Stamford’s West Side neighborhood.  MHA is now working in partnership with Laurel House and the Stamford Housing Authority and the HOPE VI program to create a 33 unit supportive housing development.  The first phase of the community, called “Partners Housing,” involved the renovation of two buildings and 8 units to serve 13 homeless individuals with mental illness.  The units were completed in 2003 and combined several sources of public and private financing including McKinney-Vento Act Homeless Assistance funding.  The second phase of the community will receive HOPE VI funding to renovate the remaining 3 buildings and create new 12 homeownership units. When fully complete, the development will preserve 5 existing historic homes and create a supportive housing “village” with a central green and club house.

     

Conger House

Conger House – 616-618 Kossuth Street-Bridgeport, CT

This project involves the moderate rehabilitation of eight (8) units of Special Needs, affordable, rental housing in the City of Bridgeport.  The site is accessible by walking to neighborhood shopping, schools, health facilities and transportation. The proposed project, the Conger House – one of the oldest houses in the Washington Park Area and named after the original owner – will offer an ideal mix of independent living in a supportive environment. All residents will have private rooms, sharing a kitchen and bathroom with only one other individual.  On site staffing 24 hours a day with intensive case management and counseling services available during the day time and evening hours will provide appropriate structure without infringing on individual privacy and liberty as would be the case in a congregate/group home type program.  For those participants seeking to eventually live on their own, the facility will provide ‘independence with training wheels,’ e.g. all of the elements and demands of community living will be present in an environment where support and assistance is readily available.

     

Huntington Place

Huntington Place Housing – Trumbull, CT

The proposed development will consist of 33 one-bedroom units and 7 two-bedroom units.  Various community and common areas will be located on the ground floor and on the end of each wing on the first and second floors.  The building will be elevator with 35 units being set aside for persons with disabilities. The site will also provide various recreational amenities including a bocce court, community garden, picnic area and a walking path. The total development cost for this undertaking is just over $7 million and is primarily funded though Federal Low Income Housing Tax Credits, a Connecticut Housing Finance Authority (CHFA) first mortgage, a HOME grant from the States Department of Economic and Community Development (DECD) and funding provided by Neighborhood Reinvestment (NR).  The Low Income Housing Tax Credits were awarded by CHFA over the summer and will generate approximately $4 million of equity.  CHFA is currently working on the final underwriting for the mortgage and Plans and Specifications are being finalized.  We anticipate closing the financial package in the spring and beginning construction by the summer of 2005.

     

Williams Street

Williams Street - Bridgeport, CT

William Street Condominiums is the result of a unique partnership between the Shore Area Community Development Corporation, Mutual Housing Association of Southwestern Connecticut, and the City of Bridgeport to expand affordable housing opportunities in the City of Bridgeport. William Street Condominiums are designed especially for first-time homebuyers and to be affordable to low and moderate-income families. While price resale restrictions will apply, these restrictions are balanced to help new homeowners build equity and keep units permanently affordable for future generations of homebuyers. The low, affordable prices at William Street Condominiums are being made possible through support from the City of Bridgeport, JP Morgan Chase Bank, the Federal Home Loan Bank of Boston, People's Bank,

     

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