Welcome to ‘Washington Crossing’ – Affordable Condos in Stamford
**We are Currently Accepting Applications for the Waitlist **
The Housing Development Fund has created a Community Land Trust in the South End of Stamford. The property, named ‘Washington Crossing’ will offer permanently affordable and owner-occupied condos that will be available for sale to income- eligible households. Eligible households must be first time homebuyers.
Washington Crossing is located at 287 Washington Blvd in Stamford. The property is currently under construction and HDF anticipates that construction will be complete in the Summer of 2022. The property will include 23 affordable condos that will be sold to income- eligible households.
Washington Crossing Property Details
- 2- and 3- bedroom condos.
- Prices range from $240,000 – $310,000 depending on bedroom number, size, and layout.
- Within short walking distance to Downtown Stamford and the Stamford train station.
- The property will offer health services through a partnership with Optimus Healthcare.
Eligible households have incomes that are at or under 50% of the Area Median Income. Household income must be at or below the following limits:
- 2-member household: $72,360
- 3-member household: $81,405
- 4-member household: $90,450
- 5-member household: $97,686
Are You Interested in Purchasing one of These Condos? To start the intake process, Click the Button Below!
**We are Currently Accepting Applications for These Condos *
Images of Community Land Trust Property, After Construction: (Condo size, layout, and number of bathrooms vary).
Community Land Trust Facts & Resources
What is a Community Land Trust?
- A community land trust is a nonprofit, community-based organization. The CLT’s mission is to provide permanently affordable housing by owning land and maintaining its use for affordable housing only though legal covenants.
- A CLT maintains the property and supports residents over time. Per the requirements of its bylaws, the CLT‘s board of directors will be composed of homeowners, community stakeholders and others who support the goals and purposes of the CLT.
How do Community Land Trusts Help People?
- CLTs provide affordable housing opportunities for low- and moderate- income communities.
- They provide low- and moderate-income people with the opportunity to build wealth and equity through homeownership.
- CLTs ensure that residents are not displaced due to gentrification.