On June 1, ground was broken on the Millport Avenue Apartments affordable housing development in New Canaan, CT.
The Millport Apartments redevelopment is a two-phase project supported by The Housing Authority of the Town of New Canaan, Connecticut Housing Finance Authority, The State of Connecticut, People’s United Bank, Bankwell Bank, Eversource energy, and the Housing Development Fund. New Canaan’s affordable housing fund is supported by a collection of fees of 1% of the value of building projects in town.
Phase 1 of construction will add 33 additional affordable housing units which will be available to households making less than 80% of area median income. Phase 2, which will begin on completion of the first phase at the end of this year, will comprise an additional 40 affordable units.
Attending the groundbreaking ceremony on Millport Avenue on June 1 were Gov. Dannel Malloy, State Sen. Toni Boucher, State Representative Fred Wilms, State Sen. Bob Duff, First Selectman Robert Mallozzi III, Commissioner of the State Department of Housing Evonne Klein, Planning and Zoning Member Laszlo Papp, New Canaan Housing Authority Chairman Scott Hobbs, Bankwell CEO Christopher Gruseke, Vice President, CRA officer of People’s United Bank Art Casavant, and HDF Director of Multifamily Lending Elissa Bard.