New Haven alders advance Dixwell, State Street affordable housing projects

Two closely-watched affordable housing projects — one in the heart of Dixwell and one on the State Street seam between downtown and Wooster Square — will move forward following approval this week by the Board of Alders. Developers from Beulah Land Development Corp., New York City-based nonprofit developer HELP USA and Spiritos Properties previously told a Board of Alders joint committee that the project at 340 Dixwell Ave., 316 Dixwell Ave. and 783 Orchard St. ran into supply chain issues during the COVID pandemic that raised construction material prices and drove bids $2.7 million higher than anticipated. The developers told a joint meeting of the alders’ Community Development and Tax Abatement committees that they achieved cost savings with more than $1.4 million in “value engineering” and obtaining a permanent financing solution through Community Preservation Corp. and Freddie Mac.

https://www.stamfordadvocate.com/news/article/New-Haven-alders-advance-Dixwell-State-Street-17059648.php

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