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In Stamford, the $1.043 million in state grant money will be used at Lighthouse 1, where Shelter for the Homeless Inc. is renovating two buildings to create 14 new units of subsidized permanent housing in Stamford for homeless and chronically homeless persons.
The project will include eight single rooms with private baths, four one-bedroom units, and two efficiency units in two small multifamily buildings. Both of the buildings are in close proximity to a bus route. Supportive services will also be available to residents.
Two of the units will provide permanent supportive housing for chronically homeless individuals and two additional units will be reserved for homeless veterans.
Stamford will also contribute $674,000 in Federal HOME and NSP dollars and the Federal Home Loan Bank will provide more than $1.2 million in loans and grants for the project.
The funding aims to expand affordable housing opportunities statewide by fostering innovative approaches in design, location, construction costs, operating costs, environmental sustainability, affordability, or support services.
“We’ve already accomplished more in the past four years on housing than had been done in decades. The question now is, how do we raise the bar again to have a both short and long-run impact? Investments in safe, affordable housing undoubtedly pay long-term dividends, promoting healthier lives, stronger communities, and a more vibrant economy,” said Malloy.
“This funding was intended for smaller projects with total development costs of no more than $6 million and we limited our financial assistance to no more $2 million to ensure applicants leverage state assistance with substantial financial and/or in-kind resources from other sources, particularly private sources of debt and equity,” said Klein.
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