Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Fairfield Housing Corp seeks soft commitment from housing trust fund for 40‑unit LIHTC project
Summary
Fairfield Housing Corp asked the committee for a non‑binding housing trust fund commitment to strengthen a Low‑Income Housing Tax Credit (LIHTC) application for a 40‑unit project at 980 High Street; the stated funding gap is about $1.5 million and the CHFA application is due Jan. 15.
The Fairfield Housing Corp asked the Supportive Housing Committee for a soft, non‑binding funding commitment on Wednesday to bolster a competitive LIHTC application for 980 High Street.
Carol, speaking for Fairfield Housing Corp, said the authority bought 980 High Street in February and converted planned market units into tax‑credit units so that "all 40 units now will fall under, you know, tax bridal, affordable, AMI AMI, designation." She told the committee the project faces a funding gap of "approximately 1,500,000" and that local…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
