Summary of Affordable Housing Development Activities June 2001
COMPLETED DEVELOPMENTS (HOME INC-OWNED PROPERTIES)
Cedar Hill Apartments
Description :
25 units, substantial rehabilitation, permanent rental for individuals (13 special needs); joint venture
with Columbus House (service provider)
Status :
Completed December 1998
Funders :
Corporation for Supportive Housing
CT Department of Economic and Community Development
CT Housing Finance Authority
National Equity Fund (LISC)
HUBCO/AHP
Development Cost :
$3,349,000
Blake Street Homes (204-32 Blake Street, New Haven)
Description :
12 units, new construction and rehabilitation, family rental
Status :
Completed August 1993
Funders :
Lafayette American Bank & Trust Company
Housing Outreach Fund Limited Partnership (Enterprise Social Investment Corp. and Federal National
Mortgage Association)
Federal Home Loan Bank of Boston
Greater New Haven Community Loan Fund
HUD/Housing Authority of the City of New Haven (Section 8)
Congregation Mishkan Israel
Development Cost :
$850,000
Sherman Manor (390-96 Sherman Avenue, New Haven)
Description :
7 units, new construction and substantial rehabilitation, family rental.
Status :
Completed October 1995
Funders :
National Equity Fund / LIHTC
City of New Haven HOME Program
Housing Tax Credits (Lafayette American Bank & Trust Company, O&G, PILOT Pen, Shawmut
Development Cost :
$623,000
COMPLETED DEVELOPMENT (HOME INC AS CONSULTANT)
Stepping Stone Housing (660 Winchester Avenue)
Description :
20 units, substantial rehabilitation, family transitional; joint venture with Christian Community Action
(owner and service provider)
Status :
Completed 1999
Funders :
Connecticut Department of Social Services
HUD McKinney Supportive Housing Program
City of New Haven HOME Program
Development Cost :
$1,195,000
DEVELOPMENTS AWAITING FINAL COMMITMENTS
470 Howard Avenue (New Haven)
Description :
13 units, acquisition and moderate rehabilitation, permanent housing for singles
Status :
Seeking final financing commitments
Funders :
CT Department of Housing / CHFA Housing Tax Credits
City of New Haven HOME funds
Private financing Development
Development Cost :
$466,000
Sherman Manor Phase II
Description :
12 units, new construction and substantial rehabilitation; permanent rental for families
Status :
Seeking final financing commitments
Funders :
CState of CT HOME Program
City of New Haven HOME Program
Federal Low-Income Housing Tax Credits
CHFA State Tax Credits
Local Initiatives Support Corporation Development
Development Cost :
$2,127,000
FINANCING SECURED FOR PROPERTY MANAGEMENT CLIENTS
HUD Flexible Subsidy Rehabilitation Loans
Total Amount :
$1,094,000
Clients :
Seabury Cooperative
Ethan Gardens Cooperative
Canterbury Gardens Cooperative
Liberty Square II Cooperative
Federal Home Loan Bank of Boston / Farmers and Mechanics Bank Loan
Total Amount :
$550,000
Clients :
Equity in Housing Cooperative
Greater New Haven Community Loan Fund Rehabilitation Loans
Total Amount :
$67,000
Clients :
Blake Street Homes
Liberty Bank for Savings Middletown Refinancing
Total Amount :
$358,000
Clients :
Equity in Housing Cooperative
It is the policy of Housing Operations Management Enterprises (HOME), Inc. HOME INC and its affiliated entities affirmatively to promote fair housing opportunities in all of its housing management, development, counseling, resident training, and other activities. It is further the policy of HOME INC and its affiliated entities to encourage education of staff members and residents to effectuate this policy.
In the provision of housing and other services, HOME INC and its affiliated entities do not discriminate or exhibit any preference or limitation based on race, creed, color, religion, national origin gender, marital or other family status, presence or absence of children, age, lawful source of income, familial status, physical or mental disability, or sexual orientation nor does it express any intention to make any such preference, limitation or discrimination, except where lawful and reasonable governmental or owner-imposed rules or regulations governing housing provided by HOME INC and/or its affiliated entities requires that certain of such groups be preferred (e.g., housing for special needs populations, or that housing be restricted to such groups (e.g., federal Housing for the Elderly), or that certain occupancy standards be maintained (e.g., the number of persons per apartments containing specified number of bedrooms). When such exceptions are in effect, HOME INC and its affiliated entities will apply them in the most non-discriminatory manner possible.
HOME INC and its affiliated entities will require contractors carrying out housing marketing and similar activities to utilize Affirmative Fair Housing Marketing Plans to attract prospective buyers and residents of all majority and minority social groups without consideration of race, creed, color, religion, national origin gender, marital or other family status, presence or absence of children, age, lawful source of income, familial status, physical or mental disability, or sexual orientation, subject to the same above-described exception.