CITY TO CELEBRATE COMPLETION OF SECOND PHASE AT QUINNIPIAC TERRACE DEVELOPMENT
(5/16/2008) (NEW HAVEN)— The City of New Haven, The Housing Authority of New Haven (HANH), Trinity Financial (funding partner and project developer), announced today the completion of the second phase of the Quinnipiac Terrace redevelopment project. The groundbreaking for this component of the project took place on November 29, 2006. After 16 months of planning and construction, Phase 2 was unveiled to the public.
“This is a great achievement for the Housing Authority and for our residents,” said Mayor John DeStefano, Jr. “We are committed to supporting strong, united and diverse neighborhoods where residents can work together to bring out the best in each other. We’ve been successful with other developments such as Monterey Place and we will continue to be successful with projects such as this one at Quinnipiac Terrace.”
Quinnipiac Terrace Phase II includes 79 rental units (56 units are public housing units and 23 units are Project-based Section 8). Fifty of the units were constructed on the main site, adjacent to Phase I while the remaining 29 units were constructed off-site, on a property located on St. Anthony Street. The St. Anthony Street component has been names "Quinnipiac Ridge." The $36.4 million Phase II effort, was funded by $8 million of HOPE VI funds, $3.3 million in HANH Capital Funds, $1.1 million in City funds, $713,434 in HOME funds and $23.3 million in equity raised by MMA Financial, of Boston, via the sale of Low Income Housing Tax Credits.
Quinnipiac Terrace represents tremendous efforts by the City, HANH and their partners to create a diverse mixed-income community. This project represents a holistic approach to creating a sustainable community focused on resident self-sufficiency. The design of this development reflects elements of the oyster-farming and fishing history of the Fair Haven neighborhood. It also includes a beautiful new community center which boasts a spectacular view of the Quinnipiac River.
The City and HANH make it a priority to create an integrated community that includes social services, economic opportunities and a revitalized environment. This project has created construction and other employment opportunities for which New Haven residents received priority status.
“The Housing Authority understands the need for mixed-income housing and is committed to providing supportive services aimed at economic self-sufficiency,” said Robert Solomon, Chair of the HANH Board.
Phase I of this project consisted of 81 rental units (58 units are public housing units and 23 units are Project-based Section 8) and was fully occupied in August 2006.
The $70 million new Quinnipiac Terrace/Riverview project now consists of 176 housing units of which 131 constructed by Trinity Financial on the Peck Street North site and 29 were at the Q-Ridge location on St. Anthony Street. Elm City Congregations Organized (ECCO), a local faith based initiative constructed eight two-family home ownership units (for a total of 16 housing units) on the Riverview site located at the corner of Lombard and Front Streets.
A third phase is anticipated for the development which would consist of homeownership and rental units on the lot next to the Community Center (Front, Bailey and Downing Streets) and the lot at Peck, Front and Downing Streets. A date for the phase three groundbreaking has yet to be set as this component of the project is still in its preliminary planning stages.
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