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Friendship House Looks Ahead

Stamford continues history of affordable housing



By:
Stamford, CT | Added on April 12, 2011 At 01:07 PM

The issue of affordable housing has never been more timely, but Stamford's quest to provide homes for low-income families began years ago— in fact, over 40 years ago when the Council of Churches and Synagogues founded the non-profit "New Neighborhoods Inc." Since 1967, the NNI has sponsored the building of affordable housing communities such as the Martin Luther King Apartments on Stillwater Avenue, Richmond Hill's Townhouse Condominiums, and Friendship House at 28 Perry Street, which was rededicated last week following a $24 million renovation. The Mutual Housing Association Communities of Southwestern CT and NNI worked together to secure low-income housing tax credits and tax exempt bond financing through the Connecticut Housing Finance Authority to fund the 18-month-long effort.

The rehabilitation was the 12-story construction's first since its doors opened in 1968 and includes a community room open to all 121 resident families. Mayor Michael Pavia and Commissioner of Economic and Community Development Catherine Smith helped to cut the blue ribbon symbolizing another four decades of affordable living at Friendship House - a timely promise given the findings of a www.salary.com survey that listed Stamford as the fourth most difficult city in the country to raise a family and build personal wealth. 

There is currently a waiting list to live at Friendship House. Though income limits vary, as of 2010, an annual household income of $56,600 for a family of three qualified as "very low income."


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