Reduce. Reuse. Revitalize.
Tapping Connecticut’s Industrial Past for Affordable Housing in the 21st Century
Once monuments to Connecticut’s pivotal role in the birth and evolution of American industry, shuttered factories and mill buildings across the state are being given a fresh start. With support from state and federal initiatives designed to reclaim these deteriorating structures, innovative developers are reclaiming these deteriorating structures and converting them into multifamily rental housing.
In the past year, CHFA has funded four adaptive reuse developments that will create 289 new units, of which 155 will be restricted as affordable. All four properties will feature mixed-income affordability, and three will incorporate energy conservation improvements that will result in properties that are over 30% more efficient than required by code:
Lofts at Ponemah Mills, Taftville
The Mill at Killingly, Killingly
Threadmill Apartments, Stonington
Learn more about CHFA’s multifamily financing programs here.
This piece originally appeared in the Summer 2015 issue of the Developing Partnerships newsletter.
