Stamford”™s Metro Green Apartments complex is to receive $2.5 million from the Connecticut Housing Trust Fund, of nearly $16 million awarded to five projects statewide.
The Connecticut Department of Economic and Community Development (DECD) administers the fund, which was established in 2005 with the goal of investing $110 million to boost the state”™s inventory of affordable housing.
“The statewide projects we”™re announcing today will add 408 units of housing, many of them targeted for low and very low-income households, in some of the areas hardest hit by the housing crash,” Gov. M. Jodi Rell said in a statement. “These funds will go a long way in restoring people”™s hope and economic stability.”
Stamford Metro Green Residence L.L.C. is creating 40 affordable rental units on Atlantic Street in Stamford, with the project to include another 10 units at market rates.
DECD awarded also $3 million for the completion of nearly 60 residential units in Bridgeport, a third of them designated for affordable housing. Located in the Arcade and Golden Hill buildings on Main Street, that project includes 50,000 square feet of retail and office space.
