HOPE Partnership has been selected as a recipient of the Department of Housing High Opportunity Area Housing grant. This award, in the amount of $3.93 million, will provide for the conversion of commercial condominium offices into seventeen affordable housing apartments in Centerbrook.
This project will be known as The Lofts at Spencer’s Corner with one-, two-, and three-bedroom units on the second and third floors with affordable rents based upon the sliding scale set by the U.S. Department of Housing and Urban Development. HOPE has applied for the remaining financing needed through the Federal Home Loan Bank with Essex Savings Bank.
HOPE would like to thank the many who have assisted in making this project a reality. Working in partnership with our volunteer Board of Directors, Essex First Selectman Norm Needleman and Essex town leaders, Spencer’s Corner’s Association, and HOPE’s development team and with the support of State Senator Art Linares (R-33)and State Representative Bob Siegrist (R-26) and Connecticut State leadership, HOPE is well on its way of making affordable homes a reality for families in our community.