Wellington at Madison
FOR IMMEDIATE RELEASE
Contact:
HOPE Partnership, Inc. Karla Lindquist (860) 388-9513 karla@hope-ct.org
The Caleb Group Marianne McDermott 781-595-4665 ext. 104 mmcdermott@thecalebgroup.org
HOPE Partnership and The Caleb Foundation announce the beginning of construction on Wellington at Madison, 27 New Rental Housing Units including 24 Affordable Homes in Madison, CT.
Madison, CT – Oct. 24, 2023
Madison, CT - HOPE Partnership, Inc. and The Caleb Foundation, two dedicated nonprofit affordable housing organizations, are delighted to announce the commencement of the Wellington at Madison project. This ambitious endeavor will bring 27 new housing units to Madison, CT.
Wellington at Madison is a thoughtfully planned mixed-income rental community, featuring 24 units of affordable housing and 7 market-rate units on 2.6 acres. The development aligns with high-opportunity areas in coastal Connecticut, catering to diverse income brackets. The affordable units comprise seven for households with incomes up to 25% of the area median income (AMI), thirteen for households up to 50% of AMI, and 4 for households up to 60% of AMI. The remaining seven units are designated as market-rate homes. The community offers a mix of 14 one-bedroom and 17 two-bedroom units. These 27 new units join four existing market rate units making the total 31 units.
Wellington at Madison has been designed to fit seamlessly with the surrounding community. Located along the Route 1 corridor, Wellington at Madison is within walking distance of public transit, local natural resources, and many amenities. The townhouse style homes will be equipped with washer and dryers. Moreover, the project's construction aligns with LEED Platinum standards, ensuring exceptional energy efficiency.
Of special interest is the re-use of the historic building on the site. The 1808 home of Henry Josiah Meigs will become four apartments. The exterior of the building, the fireplaces and some of the original interior wood details will be preserved as part of this project.
Residents at Wellington at Madison can look forward to a well-equipped community, including management and resident services offices, and a community room. True to The Caleb Group's commitment, a Service Coordinator will be available to connect residents with vital community services, fostering a thriving, supportive environment.
This achievement was made possible through a robust partnership between the Town of Madison, HOPE Partnership, and The Caleb Foundation, with funding from the National Equity Fund, Connecticut Department of Housing, Connecticut Housing Finance Authority, Federal Home Loan Bank of Boston, and Webster Bank. Haynes Construction Company, a Seymour, CT-based firm, is responsible for bringing the project to life. Construction is expected to be completed at the end of 2024.
“We at HOPE Partnership are grateful to partner with The Caleb Group on the Wellington at Madison project. The new rental homes provided at Wellington at Madison will be deeply impactful to both those who live in them and the community at large. We are thankful to all of the community members, funders, and organizations that have come together to facilitate this important new resource in the wonderful town of Madison," shared Karla Lindquist, Executive Director of HOPE Partnership.
Debbie S. Nutter, President, CEO, and Co-founder of The Caleb Foundation, expressed, "The Caleb Foundation and The Caleb Group are proud to collaborate with HOPE Partnership in addressing the critical need for affordable housing in Madison, CT. Adding 24 units of affordable housing, particularly deeply affordable housing, will make a significant positive impact on the Madison community. We deeply appreciate the support of Madison town leaders, as well as that of Connecticut Housing Finance Authority, the Connecticut Department of Housing, LISC, and Webster Bank."
About HOPE Partnership, Inc. Founded in April 2004, HOPE Partnership is a nonprofit organization dedicated to developing, facilitating, and advocating for affordable housing in the shoreline and lower Middlesex County region. HOPE's mission is to improve housing security for low-to-moderate income families and individuals. By creating quality rental homes that integrate seamlessly into the high-opportunity towns where they are located, HOPE aims to improve lives and strengthen communities.
About The Caleb Foundation and The Caleb Group. The Caleb Foundation, established in 1992, and its associated organization, The Caleb Group, are nonprofit affordable housing organizations operating in Maine, New Hampshire, Massachusetts, and Connecticut. Collectively known as The Caleb Group, these 501(c)(3) organizations acquire, develop, preserve, and manage affordable housing for individuals with low household incomes. Since 1992, The Caleb Group has steadily expanded to encompass 25 properties representing 1,858 units of affordable housing. Today approximately 3,900 people call a Caleb community home. In addition to providing stable housing, The Caleb Group offers resources and programs at each property to help residents access vital services and opportunities that are essential for managing their lives successfully.
For more information, please contact Karla Lindquist of HOPE Partnership, Inc., or Marianne McDermott of The Caleb Group.