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"The real question boils down to whether Westport wants to be an inclusive or an exclusive community,” said Summit Development Founder, CEO, President and Principal Felix Charney.
Cuomo's office said $37.2 million will fund the project in the region as part of a $200 million state effort that will build more than 2,8000 affordable apartments across New York.
A $699,114 grant and subsidy and a $550,000 loan were awarded for a two-building project at 100 S. Main St.
The funds will provide equity financing for the acquisition and construction of 28 affordable housing tax-credit properties in 15 states.
The building is designed for those earning 25 to 35 percent of the median area income, with rents ranging from $470 to $830.
A number of residents have voiced their opposition to an affordable-housing complex at the site at 795 James Farm Road.
It is poorly understood that there is no such thing as affordable new construction in Westchester and Fairfield counties without huge federal, state and...
The Manhattan-based real estate development and management company paid $24 million for Shippan Place, a 148-unit affordable housing complex for seniors in Stamford.
The House voted 101-47 to void the governor’s veto and the Senate followed in a 24-12 vote to affirm the override.
"I’d say we have more than a fighting chance" of overriding the veto, said state Rep. Brenda Kupchick (R-132nd), covering Fairfield and Southport.
The governor cited the potential for state-sanctioned discrimination in his decision to veto legislation that would have changed the state's affordable housing standards.
The typical renter in Westchester makes $18.25 an hour. They need to be making $32.8, according to the report.
The city’s West Liberty Commons will receive the funds from the Connecticut Department of Housing to assist in the development of 18 apartments, including 14 affordable units.
The money will be used to affect improvements to Ludlow Commons, Helen DeVaux Apartments, and Lawn Hill Terrace, among others.