Stamford formed an affordable housing trust. Now they get to divvy up $3,000,000.
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The site of the new deeply affordable housing development located at 72 Franklin Street before the groundbreaking ceremony in downtown Stamford, Conn. on Monday, Oct. 23, 2017.File / Michael Cummo / Hearst Connecticut Media
STAMFORD More than two years of work came to a head this week when the Board of Representatives formally approved terms for the Stamford Affordable Housing Trust.
The fund provides a home for money the Stamford has long collected to bankroll new affordable housing projects. But, under a new directive, the trust fund provides a more public approach towards assessing the city’s below-market housing needs.