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Planning board approves sale of 41 Main Street for 55-unit affordable housing project
Summary
The Stamford Planning Board voted April 28 to approve a purchase-and-sale agreement to transfer 41 Main Street to Main Street Housing Partners LLC for $7,855,600 (including $250,000 cash and $7,605,600 in cash-equivalency credit tied to 55 affordable units); the buyer's approvals and financing contingencies will govern the construction timetable.
The Stamford Planning Board voted April 28 to approve a purchase-and-sale agreement that would transfer city-owned 41 Main Street—near Mill River Park—to Main Street Housing Partners LLC to develop affordable housing.
Bridget Fox, presenting the city’s selection process, said the mayoral team identified the former Midas site as a downtown opportunity to increase affordable housing stock. The city issued RFP 20250225 in November 2024, held a…
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