HOPE Partnership Receives $3.93 Million DOH Grant
It is with great excitement and appreciation that HOPE Partnership announces being selected as a recipient of the Department of Housing High Opportunity Area Housing grant. https://portal.ct.gov/Office-of-the-Governor/Press-Room/Press-Releases/2018/08-2018/Gov-Malloy-Announces-61-Million-to-Support-Affordable-Housing-Development-in-Diverse-Communities
This award, in the amount of $3.93 million, will provide for the conversion of commercial condominium offices into seventeen affordable housing apartments in the Village of Centerbrook, Town of Essex.
It was in 2015 that a HOPE Board member first suggested the idea that vacant and underutilized office space at Spencer’s Corner might be an ideal location for much needed affordable housing. A three story, commercial condo complex in the village of Centerbrook, Spencer’s Corner has had many vacancies which provided an opportunity for HOPE to work with unit owners.
Over the past three years, HOPE has worked closely with town leaders, zoning officials, engineers, architects and other stakeholders to ensure a well thought out plan that would provide safe, affordable and stable housing to members of our community. This project will be known as The Lofts at Spencer’s Corner with 1, 2, and 3 bedroom units on the second and third floors with affordable rents based upon the sliding scale set by HUD. HOPE has applied for the remaining financing needed through the Federal Home Loan Bank with Essex Savings Bank.
HOPE would like to thank the many who have assisted in making this project a reality. Working in partnership with our volunteer Board of Directors, Essex First Selectman Norm Needleman and Essex Town leaders, Spencer’s Corner’s Association, our development team and with the support of State Senator Art Linares and State Representative Bob Siegrist and Connecticut State Leadership, HOPE is well on its way of making affordable homes a reality for families in our community.
Founded in April 2004, HOPE Partnership is a non-profit organization committed to advocating and developing affordable housing opportunities to support families living and working in southern Middlesex County and surrounding towns. In 2015, HOPE merged with Old Lyme Affordable Housing and is committed to serving the needs of residents in our community. HOPE’s purpose is to advocate for and create high-quality rental housing targeted to people earning between 50% and 80% of the local median income.