Home Economic Development Stamford housing development secures grant

Stamford housing development secures grant

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Connecticut Light & Power Co. made a $500,000 grant toward the development of Greenfield, a mixed-income residential project scheduled to get underway this summer on Merrell Avenue in Stamford.

The planned 45-unit development is the third phase of the Vidal Court revitalization, aimed at replacing a 216-unit complex developed in 1955.

The Vidal Court project is being led by Charter Oak Communities, formerly the Housing Authority of the city of Stamford, with financing and construction management services provided by Rippowam Corp., a nonprofit affiliated with Charter Oak.

Vincent J. Tufo, executive director and CEO of Charter Oak and president of Rippowam, said the CL&P grant would be combined with additional funding provided by state and local partners. The Greenfield component of the project is scheduled to be completed by the fall of 2014.

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