Affordable Housing Development

HOME INC is skilled at developing quality, smaller-scale, contextual developments. Here we highlight a few . . .

HOME Ansonia / Derby

Completed 2011. 20 units, substantial rehabilitation, permanent rental for families (some with special needs). BH Care acts as service provider. Development Cost : $7,580,000

Investors:

debt - CT Housing Finance Authority, Greater New Haven Community Loan Fund / Corporation for Supportive Housing

grants - CT Department of Social Services, United Illuminating / Eversource

rents - CT Department of Housing

Whalley Terrace

Completed January 2008. 22 units, one retail, new construction, permanent rental for elderly individuals (some with special needs). Columbus House acts as service provider. Development Cost : $6,780,000

Investors:

debt - CT Housing Finance Authority / CT Department of Economic and Community Development, Corporation for Supportive Housing

equity - LIHTC / Enterprise Community Partners

grants - United Illuminating / Eversource

rents - CT Department of Social Services

Cedar Hill Apartments

Completed 1998. 25 units, substantial rehabilitation, permanent rental for individuals (some with special needs). Columbus House acts as service provider. Development cost: $3,350,000.

Investors:

debt - CT Housing Finance Authority, Corporation for Supportive Housing

equity - LIHTC (National Equity Fund / Local Initiatives Support Corp.)

grants - Hudson United Bank / Federal Home Loan Bank of Boston AHP

rents - CT Department of Mental Health, CT Department of Housing / Elm City Communities