BEULAH LAND DEVELOPMENT CORPORATION / HELP USA RENDERING
The proposed 4-story, 69-unit apartment building at 340 Dixwell.
Four local affordable housing projects will be getting over $5.4 million in state support, thanks to the Connecticut Housing Finance Authority’s (CHFA) annual awarding of federal Low Income Housing Tax Credits (LIHTC).
CHFA spokesperson Lisa Kidder made that announcement Thursday afternoon in an email press release.
The four local affordable housing developments and rehabs slated to receive state-administered federal funding are 340+ Dixwell, Hill Central Phase I, McConaughy Terrace, and MLK/Tyler Street Family Housing.
CHFA awards tax credits to affordable housing developers every year. Those developers then sell the tax credits to private investors to obtain funding for their developments.
“The federal LIHTC program is critical to increasing the production of affordable housing in our state,” state Department of Housing (DOH) Commissioner and longtime New Haven affordable housing nonprofit leader Seila Mosquera-Bruno is quoated as saying in the press release. “The 2021 awards will provide the opportunity for 692 households [statewide] to live in new/renovated quality affordable apartments.”
See below for more details from the press release on each of the New Haven affordable housing projects to receive CHFA tax credits this year. Click here, here, here, and here for previous articles about those projects.
New Haven, 340+ Dixwell, $1,582,761 in tax credits
Developed by HELP Development Corp., in partnership with Beulah Land Development Corp, 340+ Dixwell will have 69 new units, including 14 supportive units in two four-story buildings. A PILOT has been approved by the City of New Haven. The new buildings will be designed to meet High Performance Design standards and include a solar photovoltaic system. The mixed-use, mixed-income property will have 14 units for households up to 25% AMI, 4 units for households of 30% AMI, 28 units for households up to 50% AMI, 9 units for households up to 60% AMI, and 14 market rate units.
New Haven, Hill Central Phase I, $1,527,603 in tax credits
Developed by Westmount Development Group, LLC, 32 units in this existing 72-unit development in the Hill neighborhood will be demolished. Phase I will include construction of 8 buildings with 64 new units, including 13 supportive units. Residents will be relocated on site, so no displacement will occur. The new buildings will be designed to meet PHIUS+ 2018 Passive House Standards. Hill Central will have 13 units for households up to 30% AMI, 26 units for households up to 50% AMI, 12 units for households up to 60% AMI and 13 market rate units.
New Haven, McConaughy Terrace, $1,018,146 in tax credits
Developed by the Glendower Group, the 1940s-era property has 130 units in 31 buildings. The first phase of renovations will include minor exterior renovations and interior renovations will include replacing existing finishes, fixtures, appliances, cabinetry and countertops throughout. Current tenants will be temporarily relocated and will have the right to return upon completion of the renovation. McConaughy Terrace will have 26 supportive units for households with incomes up to 20% AMI, 52 units for households up to 40% AMI, 21 units for households up to 60% AMI, 5 units for households up to 80% AMI, and 26 market rate units. During the second phase, the remaining 66 units will be renovated and 26 new units will be constructed.
New Haven, MLK/Tyler Street Family Housing, $1,319,929 in tax credits
Developed by The National Housing Partnership Foundation, this new 56-unit property with 6 supportive units will be constructed in the West River neighborhood. The site is adjacent to the New Haven United Nations International Peace Garden and located on a bus line. The property will have 11 buildings and include a community center, playground, community gazebo, and a coffee shop, which will employ residents of the supportive housing units. The new buildings will be designed to meet PHIUS+ 2018 Passive House Standards. MLK/Tyler will have 14 units for households up to 30% AMI, 23 units for residents up to 50% AMI, 7 units for residents up to 60% AMI, and 12 market rate units.