Farmington Housing Project Gets State-Approved Financing

FARMINGTON, CT — The state has finalized financing for a major supportive housing project in Farmington, one that will help those with special needs.

The state Department of Housing (DOH) and the Connecticut Housing Finance Authority (CHFA) announced last week they have signed financing agreements for 14 developments statewide.

Officials said all of the projects will create 771 housing units, including 294 affordable units for low- and moderate-income renters, 56 of which will be designated as permanent supportive housing.

One project is the 1600 New Britain Ave. development, which is located just off Route 6 in Farmington.

This will be a new 90-unit development that will include 20 supportive housing units for clients of the state Department of Developmental Services (DDS).

The development will be located near bus stops, grocery stores, pharmacies, and schools such as Tunxis Community College.

Upon completion, 68 of the units will be affordable to households with the remainder being market rate.

CHFA will raise over $17 million in private investment, along with over $8 million in taxable bond financing.

The DOH is also providing $5.5 million in total funding.

Other developments receiving financing are located in Bridgeport, Cheshire, Derby, Greenwich, Haddam, New Haven, New London, Norwalk, Shelton, and Wilton.

DOH is providing over $57 million in loans and grants, and CHFA is providing low-income housing tax credits (LIHTC) and State Housing Tax Credits (HTCC).

State officials said those will generate more than $45 million in private investment along with $22.4 million in first mortgage financing.

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

“The need for affordable and supportive housing in Connecticut is urgent, and these 14 developments reflect our shared commitment to meeting that demand,” said Seila Mosquera-Bruno, the Connecticut Commissioner of Housing.

“With funding from the Department of Housing, we are providing resources that enable communities to grow while creating homes that are accessible, affordable, and supportive of residents’ unique needs.”

“These developments highlight the transformative power of public-private partnerships in addressing Connecticut’s diverse housing needs,” added CHFA CEO-Executive Director Nandini Natarajan.

“By leveraging programs like LIHTC, HTCC, and Build for CT, we are creating opportunities for individuals and families at various income levels to access high-quality housing. CHFA remains committed to working with our partners to ensure these investments foster vibrant, inclusive communities across the state.”