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Phase III, a single large building of 42 units, will start construction in late 2021 or early 2022 with an expected cost of around $25 million.
Work includes the “gut” rehabilitation of 42 units, 11 of which will be for households with 25% Area Median Income (AMI) and 31 of which will be for households with 50-60% AMI.
The development is the only Fairfield County location among 13 low-income housing complexes to receive state aid.
The projects are among seven in the state that will collectively create 439 rental units: 348 designated as affordable and 91 as market rate.
Municipalities within Fairfield County to receive the funds include Darien, Fairfield, Greenwich and Stamford.
“These projects will help so many local communities increase quality of life and make our state an even more attractive place to live, work and do business,” said Gov. Dannel Malloy.
Qualified census tracts are those that have a poverty rate of at least 20 percent of a median income that does not exceed 80 percent of the area median income.
Since 2011, the state has created, rehabilitated, or preserved approximately 10,000 affordable housing units.
Twenty municipalities are receiving a total of $11.5 million through the federal Community Development Block Grant program administered by the state.
Bridgeport’s proposed rental housing, Windward Apartments, is the redevelopment of the Marina Village public housing complex.