Team celebrates funding success and tenant relocation for Park Avenue development

December 20, 2024 | Fairfield, Fairfield, Connecticut


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Team celebrates funding success and tenant relocation for Park Avenue development
The Fairfield Affordable Housing Committee celebrated significant progress in its housing initiatives during a recent Town Council meeting. Key discussions highlighted the successful relocation of a tenant from 376 Quincy to a new development on Park Avenue, marking a crucial step in the town's ongoing efforts to enhance affordable housing options.

Committee members expressed gratitude for the collaborative efforts that have driven these projects forward, particularly praising Tom Barnhart for his invaluable contributions. "It was a team effort," one member noted, emphasizing the importance of teamwork in navigating the complexities of housing development.

In addition to the tenant relocation, the committee is moving forward with plans to amend its development agreement with Habitat for Humanity. This amendment aims to facilitate the creation of additional homeownership units, further expanding the town's affordable housing stock. The necessary ground lease document will be presented to the Board of Slack and the Representative Town Meeting (RTM) for approval, with hopes of finalizing this process in January.

The committee also reported that all approvals are in place for the project at 254 Greenfield Street, with a closing expected in early 2024. This momentum reflects Fairfield's commitment to addressing housing needs and fostering community development. As these initiatives progress, the town anticipates a positive impact on its housing landscape in the coming year.

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Scribe from Workplace AI
Scribe from Workplace AI