PARKSIDE GABLES

Parkside Gables is a nationally recognized Mutual Housing community located on West Main Street in Stamford, Connecticut.  This townhouse style 69-unit, $11.1 million development was financed with $3.5 million in grants from the City of Stamford and a $7.6 million grant from the State of Connecticut.  Parkside Gables was built in cooperation with the Neighborhood Housing Services of Stamford.  It is the first Mutual Housing community built in Connecticut and is a national model for future Mutual Housing developments.  It has won two awards – a design award from the American Institute of Architects, and a Leadership Award from the Connecticut Housing Coalition for community outreach and leadership training programs.

TRINITY PARK

80 Spruce Street – Stamford, CT

Trinity Park is a 48-unit apartment building located on Spruce Street in Stamford, Connecticut.  Prior to its renovation, the building was an abandoned HUD mortgaged property that had fallen into disrepair.  MHA acquired and renovated the building in 1995 with assistance of a $2,687,700 HUD HOPE 2 grant.  In addition, MHA assembled financing from eight separate sources including the City of Stamford, Low-Income Housing Tax-Credits, and a $875,000 subsidized advance from the Federal Home Loan Bank’s AHP with People’s Bank.  The first families moved into Trinity Park in August of 1996 and the building was fully occupied by October.

MAPLEWOOD COURT

434 Maplewood Avenue – Bridgeport, CT

Maplewood Court is a 32-unit historic renovation of two turn-of-the-century school buildings in Bridgeport, Connecticut that is listed on the National Historic Registry.  Maplewood Court is the result of a strategic alliance with Nuestra Casa del Pueblo, a nonprofit organization in Bridgeport, Connecticut.  MHA assembled over a dozen separate financing sources to complete this complex project that included  an innovative funding plan combining Low-Income Housing Tax-Credits and HUD Mixed-Finance, replacement housing funding with the Bridgeport Housing Authority.  The project was completed in December 1997 and achieved full occupancy that same month. .

YALE STREET COMMONS

100 Yale Street – Bridgeport, CT

Yale Street Commons is a 44-unit townhouse style development, built on the site of an abandoned car dealership that has become one of the final building blocks in the revitalization of the Lindencroft Historic District in Bridgeport's West End.  The two and three story units have garages, wall-to-wall carpet, washer/dryer hookups, and walk-in closets and a community and recreation room for all residents to share.  Funding for the development includes: $4.8 million People’s Bank construction loan; $1,505,000 CHFA mortgage; $500,000 HOME funding through the City of Bridgeport; $275,000 from the Federal Home Loan Bank; $380,000 from the Melville Charitable Trust and Neighborhood Reinvestment Corp.; and a private placement of Low-Income Housing Tax-Credits with Edison Capital.  Occupancy began in October 1998.

TRUMBULL TOWNHOMES

Trumbull Townhomes is Fairfield County’s first suburban affordable condominium community.  Trumbull Townhomes offers 43 one, two and three-bedroom townhomes with spacious floor plans, attached garages, outdoor patios, and clubhouse overlooking over 2 acres of open space and recreation areas.  Trumbull Townhomes is 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 $8.8 million community was developed with funding from the Connecticut Department of Economic and Community Development, Neighborhood Reinvestment Corporation, the Federal Home Loan Bank of Boston, People’s Bank, and the Melville Charitable Trust.

FAIRFIELD COMMONS

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.

WOODWARD CLIFFS

Woodward Cliffs is a 6 unit low-income housing tax credit project located in South Norwalk.  Woodward Cliffs was acquired and rehabilitated in 1996 by Neighborhood Housing Services of Norwalk and Fairfield County Mutual Housing.  MHA became part-owner and manager of the development as a result of a merger between MHA and the Norwalk NHS in 2003.  The 3-story building features 2 one-bedroom and 4 three-bedroom units and was financed with Low Income Housing Tax Credits and a loan through the Connecticut Housing Finance Authority.  The development provides permanent affordable housing for families with incomes at or below 60% of the area median in a community where demand for affordable housing is high. 

FRIENDSHIP HOUSE

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.