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Commission reviews request to increase affordable units at Riverview Park; action deferred pending legal review
Summary
Canal Properties sought to change previously approved affordable-housing commitments at Riverview Park (125 Canal St) from roughly 10% to a CHFA-backed 20% set-aside; commissioners discussed term lengths (20 vs. 40 years), counting under state programs, and asked staff to consult corporation counsel before taking action.
At its June 11 meeting the Shelton Planning and Zoning Commission discussed a request from Canal Properties LLC to amend prior approvals for the Riverview Park development at 125 Canal Street to increase the share of units designated as affordable from the previously referenced 10% (nine units) to 20% (roughly 18 units) under a CHFA (Connecticut Housing Finance Authority) workforce-housing financing program.
Attorney Steve…
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