Strong School Sale, Tax Break Proposed

The Elicker administration has submitted a plan to sell Fair Haven’s long-vacant former Strong School property to a developer for $500,000 — with a 20-year tax break — to create 50 affordable apartments. Roughly five months after Pennrose, a national affordable housing developer, competed for and won the opportunity to redevelop the historic Fair Haven ex-school building, the city has submitted a Development and Land Disposition Agreement (DLDA) to the Board of Alders for approval. City Deputy Economic Development Administrator Carlos Eyzaguirre wrote in a March 16 cover letter for this proposal that the estimated total cost of the project is $25 million, and the development should be complete by 2025.

https://www.newhavenindependent.org/article/strong_school_sale_tax_break_proposed

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