Norwalk's Meadow Gardens Receives State Funds For Housing Project

NORWALK, CT — The Connecticut Department of Housing and the Connecticut Housing Finance Authority recently announced they have signed financing agreements for nine developments that will contribute to the creation or preservation of 478 housing units, and included is money for Meadow Gardens in Norwalk.

Overall, these developments will include 336 affordable units for low- and moderate-income renters, of which 57 will be designated as permanent supportive housing, according to a news release provided by the DOH and CHFA.

In addition to Norwalk, developments are located in Berlin, Goshen, Meriden, New Haven, Rocky Hill, Stamford, Terryville and Willimantic.

Meadow Gardens will bring 59 newly constructed affordable homes to families, with half of the units supported by project-based Section 8 assistance.

The development is supported by $21.5 million in proceeds from 4 percent LIHTC equity through CHFA, as well as $5.9 million in DOH financing.

With 30 homes for residents at or below 30 percent AMI and proximity to schools, transit and parks, Meadow Gardens will provide lasting stability for households in a well-connected neighborhood, according to the release.

"We're doing everything possible to accelerate our development efforts so we can continue building stronger, more resilient communities across Connecticut," Connecticut Housing Commissioner Seila Mosquera-Bruno said in a news release. "These investments reflect our values and commitment to providing housing our residents can afford, at all incomes levels, and different stages of life. We’re excited about these projects and look forward to seeing these homes occupied with Connecticut families."

"Housing is foundational to opportunity and economic stability," CHFA CEO Nandini Natarajan said in a news release. "These recent closings – from new construction in Stamford and Norwalk to revitalization in Willimantic – reflect the creative, locally grounded solutions needed to meet the complexity of housing need across Connecticut."

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

Richard Kaufman, Patch Staff contributed to this report.