9 Developments Across CT Receive State Financing

9 DEVELOPMENTS ACROSS CONNECTICUT RECEIVE STATE FINANCING 

627 UNITS TO BE CREATED OR PRESERVED IN 8 TOWNS AND CITIES

(Hartford, Connecticut) -- The Connecticut Department of Housing (DOH) and the Connecticut Housing Finance Authority (CHFA) announced today that they have signed financing agreements for nine developments that will contribute to the creation or preservation of 627 housing units. These developments will include 359 affordable units for low- and moderate-income renters, of which 72 will be designated as permanent supportive housing. Developments are located in Avon, Bridgeport, Hamden, Montville, New London, Newtown, South Windsor, and West Hartford.

DOH is providing over $49 million in loans and grants, and CHFA is providing low-income housing tax credits (LIHTC) that will generate approximately $85 million in private investment along with $39 million in financing. The affordable units will be earmarked for residents making up to 80% of the Area Median Income (AMI). In addition, CHFA signed financing agreements totaling $7.375 million for 231 units to be funded by the Build For CT program, a collaboration between DOH and CHFA to support the creation of apartments designed to be affordable for middle-income renters.

These financing agreements mean those developments are now ready to begin construction.

  • Homes at Avon Park – Avon
    Beacon Communities is redeveloping a vacant office park into a vibrant mixed-income community. In two coordinated phases, The Homes at Avon Park will deliver 100 new homes—73 supported by a 9% LIHTCs and 27 through a 4% LIHTCs. DOH is providing $13 million across both phases, and CHFA financing includes $6.1 million in tax-exempt bonds, $6.9 million in taxable bonds, $2 million from the Opportunity Fund, and LIHTC equity totaling nearly $24 million. The community will include twenty-two units for individuals with intellectual disabilities and offer resident amenities such as a gym, community space, and on-site services.
  • Waltersville Commons – Bridgeport
    This development entails the transformation of the former Waltersville School into 70 modern apartments serving households earning between 30% and 80% AMI. CHFA is allocating 4% LIHTCs expected to generate $13.8 million in private investment, along with $4.7 million in permanent financing and $650,000 from the Affordable Housing Fund. DOH has awarded $7.2 million from the State Housing Trust Fund and $375,000 in Healthy Homes funding. The development will include one- and two-bedroom units, with nine units designated for supportive housing.
  • The Windward Apartments, Phase II – Bridgeport
    The second phase of Windward Apartments will add 51 affordable homes, completing redevelopment of the former Marina Village public housing site. In addition to $7 million from DOH, the development will receive 4% LIHTCs generating more than $14 million in private investment, $4.3 million in permanent financing, and $1 million from the Opportunity Fund. The building will offer energy-efficient features, a playground, and a community building.
  • 2980 State Street – Hamden
    This project consists of new construction of three buildings totaling 63 residential units, all affordable to households earning between 30% and 60% AMI, with 16 supportive housing units. DOH is contributing $7.75 million through the FLEX program and $1.5 million in DDS capital funding. CHFA financing includes 4% LIHTCs generating nearly $10 million in private investment, $1.1 million in permanent financing, and $1 million from the Opportunity Fund.
  • Horizon View – Montville
    Located at 2280 Route 32, this new construction development includes 57 units, of which 45 are affordable to households earning at or below 60% AMI. Twelve units are reserved for individuals with intellectual or developmental disabilities. DOH is providing $4.5 million, and CHFA has allocated 9% LIHTCs generating $11.6 million in private investment, $4.1 million in permanent financing, and $1 million from the Opportunity Fund.
  • 208 State Street – New London
    This 40-unit development offers a mix of studio, one-, and two-bedroom apartments. Twenty units will be affordable to middle-income residents earning between 80% and 100% AMI through a $2.5 million Build For CT loan.
  • Taunton Woods – Newtown
    This mixed-use redevelopment will create 83 apartments plus 14,000 square feet of amenity and office space. CHFA is supporting 17 middle-income units through a $2.125 million Build For CT loan.
  • 240 Deming – South Windsor
    This new construction development includes 55 apartments across five buildings. Thirty-three units will be affordable to residents earning up to 50% AMI. DOH committed $5.5 million, and CHFA is providing 9% LIHTCs, $4.73 million in permanent financing, and $1 million from the Opportunity Fund.
  • 160 Simsbury Rd – West Hartford
    This 108-unit development includes upscale amenities such as a fitness center, golf simulator, and business hub. CHFA is providing a $2.75 million Build For CT loan supporting 22 middle-income units.

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For Immediate Release: January 14, 2026
Contact: Maribel La Luz (DOH)
maribel.laluz@ct.gov
c: 860-539-5485

Contact: Marcus Smith (CHFA)
marcus.smith@chfa.org
p: 860-716-7400