Community Corner
Stamford's Pacific House Gets State Funds For Housing Project
Officials have signed financing agreements for nine developments in CT that will contribute to the creation or preservation of housing.
STAMFORD, CT — The Connecticut Department of Housing (DOH) and the Connecticut Housing Finance Authority (CHFA) announced this week that 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 Pacific House in Stamford.
Overall, these developments will include 336 affordable units for low- and moderate-income renters, of which 57 will be designated as permanent supportive housing.
In addition to Stamford, developments are located in Berlin, Goshen, Meriden, New Haven, Norwalk, Rocky Hill, Terryville, and Willimantic.
Find out what's happening in Stamfordfor free with the latest updates from Patch.
Pacific House will build 39 units of permanent supportive housing for individuals and families exiting homelessness, plus 6,600 square feet of office space, according to an announcement.
The all-electric building will include solar panels, heat pumps, EV charging, laundry, a community room, and enhanced security—providing a safe, sustainable, and supportive environment.
Find out what's happening in Stamfordfor free with the latest updates from Patch.
The development is supported by CHFA through 4 percent low income housing tax credit allocation that will attract $8.7 million in private investment as well as $5.75 million in financing, and an additional $5.5 million in financing from DOH and DECD.
"We’re doing everything possible to accelerate our development efforts so we can continue building stronger, more resilient communities across Connecticut," said Connecticut Housing Commissioner Seila Mosquera-Bruno in a prepared statement. "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," added CHFA CEO Nandini Natarajan. "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.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.