Bridgeport is one of six communities receiving nearly $10.7 million in funding for the development of seven affordable housing projects.
The multifamily housing developments will create a total of 578 rental units, with 401 designated as affordable and 177 as market rate. The properties are projected to generate 964 jobs, $333.5 million in economic activity, and $18.92 million in net state revenue. Funding comes through the federal Low Income Housing Tax Credits program, which is administered by the Connecticut Housing Finance Authority.
The first phase of Bridgeport”™s new rental housing, called Windward Apartments, is the redevelopment of the Marina Village public housing complex. The construction project will have a total of 60 units: 48 for households with incomes up to 60 percent of Area Median Income, including 15 project-based Section 8 rental subsidies, 12 supportive units and 12 market-rate units. Windward Apartments is a transit-oriented development, within walking distance of retail facilities and several bus stops, including one that leads to Bridgeport”™s main transportation hub.
Other projects receiving funding are in Hartford, Meriden, New Britain, New Haven and Windsor Locks.
According to CHFA Executive Director Karl Kilduff, his organization and the Department of Housing have together completed about 14,500 units of affordable housing since 2011, with more than 6,500 units currently under construction.
