A $14 million housing project needed to help Connecticut’s largest city boost its stock of affordably-priced units has again faced a funding setback. For the second year in a row, Building Neighborhoods Together did not qualify for a state-administered federal tax credit that would cover around $1 million of the building costs for 44 apartments on the East Side. The Christophs, the father/son team that has spent years slowly redeveloping Steelpointe, under an agreement with the city must also build or help pay for new affordably priced units representing 10 percent of their total market-rate ones. And most of those can be scattered around town rather than all at Steelpointe. Although delayed by ground contamination, the Christophs are expected to break ground in the coming months on their luxury housing even as BNT’s low income project remains stalled.
https://www.stamfordadvocate.com/news/article/key-bridgeport-affordable-housing-project-denied-18095788.php