A development partnership has announced a new $43 million affordable housing acquisition and renovation in Brewery Square, in the Fair Haven neighborhood of New Haven. Community Preservation Partners and Beacon Communities will collaborate on the purchase and upgrading of Brewery Square Apartments, a two-building development with 104 units. The historic complex was originally constructed in 1896 as the Quinnipiac Brewery Co., and then converted to housing in the 1980s after being vacant for several decades. The renovation will transition 84 of the 104 units into the Low-Income Housing Tax Credit program, with affordability levels ranging from 30% to 80% of the area median income, averaging just below 60%. The partnership has been in negotiations with the city of New Haven over the terms of the tax break for several months.
https://www.hartfordbusiness.com/article/43m-new-haven-affordable-housing-renovation-to-proceed