HOUSING AUTHORITY OF THE CITY OF NEW HAVEN BREAKS GROUND AT FAIR HAVEN, MARKING FIRST PHASE OF FARNAM REDEVELOPMENT
NEW HAVEN - Elm City Communities/Housing Authority of the City of New Haven (ECC/HANH) broke ground at the Fair Haven development today, the first phase of the Farnam Redevelopment.
The Fair Haven development is the off-site component of the Farnam Redevelopment. The Fair Haven development is comprised of 57 units of affordable Rental Assistance Demonstration program (RAD) family housing, 27 two-bedroom units, 28 three-bedroom units, and 2 four-bedroom units totaling $30 million dollars. When all phases of the Farnam Redevelopment are completed, 228 affordable RAD family units, 5900 sq ft of commercial space, a new community center, and new park will be built.
The Fair Haven development component of the Farnam Redevelopment will provide construction jobs, contracting opportunities for local, women, minority, Section 3 and resident owned enterprises as well as employment opportunities for women, minorities, and Section 3 residents in addition to providing quality affordable housing.
"Today's groundbreaking ceremony marks a new era in the Fair Haven community and underscores the value of Elm City Communities as an economic engine in New Haven and champion for affordable housing in Connecticut," said Karen DuBois-Walton, Executive Director.
"We're all very excited to see this comprehensive redevelopment project get underway - this groundbreaking ceremony signals the start of the next phase of a carefully planned overhaul of ECC/HANH housing stock," Mayor Toni N. Harp said. "We look forward to revitalized Fair Haven and Farnam communities and we're grateful to Karen DuBois-Walton for her steadfast leadership to this end."
"We couldn't have accomplished this project without Mayor Toni Harp and her team at City Hall and we're especially pleased to partner with them on Farnam Redevelopment because it showcases what model mixed use housing communities can look like with thoughtful vision, skilled planning, and hard work." - Karen DuBois-Walton, Executive Director.
The Farnam Redevelopment - Fair Haven off-site component is funded by ECC/HANH's Moving To Work funds ($6.5 million); The Community Development Trust Construction Loan ($20.5 million); Redstone Equity Partners Tax Credit Equity ($16 million); Chase Bank Permanent Loan ($7.2 million); The Federal Home Loan Bank of New York ($871,000); and the Connecticut Department of Economic and Community Development Connecticut Office of Brownfield Remediation and Development ($833,386). And, in addition to countless staff hours, the City of New Haven committed $8 million dollars of capital funds for the Farnam Redevelopment.
SPECIAL THANKS: Mayor Toni N. Harp; Honorable Rosa L. DeLauro; Alderman Ernie Santiago; Alderwoman Barbara Constantinople; U.S. Department of Housing and Urban Development (HUD) staff: Jennifer Gottlieb, Jeffrey Sussman, Susan Forward; Nancy Richards, and Harry West; Caroline Finger of Chase Bank; Lauren Henry, Rob Vest, and Peggy Bigeck of Redstone Equity Partners; Bob Rice and Desiree Fisher of The Community Development Trust; Tim Sullivan and Cynthia Petruzzello of the Connecticut Department of Economic and Community Development (DECD) Connecticut Office of Brownfield Remediation and Development; The Federal Home Loan Bank of New York (FHLBNY); The Greater New Haven Water Pollution Control Authority; as well as the City of New Haven Economic and Development Administration, especially the following departments; Livable City Initiative, City Plan, Building, Engineering, Public Works, and Transportation, Traffic and Parking.
About Elm City Communities / Housing Authority of the City of New Haven (ECC/HANH): We, at Elm City Communities, believe public housing is the foundation from which the American Dream will survive and thrive for generations to come. Our vision is a New Haven where every resident has a safe and decent home that they can afford and opportunities to fulfill their goals. Since becoming a HUD-designated Moving To Work (MTW) agency in 2000, Elm City Communities has become an incubator of innovation and an economic engine in New Haven, Connecticut. As a result, Elm City Communities has increased affordable housing choice, provided an array of self-sufficiency programs, created across the board cost savings measures, and spurred millions of dollars of indirect economic activity through redevelopment projects and job creation. Through the development and operation of affordable communities of choice and by providing opportunities for greater self-sufficiency in New Haven, we offer a lifeline to the American Dream.
###
Comments