The Fairfield Housing Corporation (FHC) was created in April, 2013 and the Corporation’s mission is to acquire, develop, manage, rehabilitate, create and preserve affordable housing opportunities for the benefit of low and moderate income individuals, families, and the elderly in Fairfield County, Connecticut. In addition to managing quality affordable housing, the FHC is interested in providing services that assist low and moderate income residents in maintaining their housing and increasing their independence, and to collaborate with neighboring towns to achieve these goals.
In its brief history, the Fairfield Housing Corporation has successfully accomplished the moderate rehabilitation of a thirty (30) unit property known as Trefoil Court in Fairfield, CT.
The financing of the capital improvements was through a private lender using a HUD Insured mortgage instrument (223F Program), and consisted of unit interior improvements, site improvements and the installation of an emergency generator to mitigate risks associated with future storm events.
The FHC completed a $18 million redevelopment project known as Pine Tree Apartments which consisted of demolition of 38 units constructed in the mid-1960’s and new construction of 50 units of affordable rental housing. The project was a private – public investment using 4% Low Income Housing Tax Credits and Tax-Exempt bond financing provide by the Connecticut Housing Finance Authority. The Hunt Companies provided an investment of $6.4 million to construct the project.