City’s Affordable Housing Trust Fund (AHTF) is taking a novel step this month in entering into the development game – a new initiative championed by City Manager Tom Ambrosino and recently advanced by the AHTF for a property on Orange Street.
To create more density and to improve the affordable housing stock, Ambrosino proposed the new program in his State of the City Address last month. On Monday, AHTF Chair Gary DeYoung, of Winnisimmet Street, was on hand to explain the program and ask for a Committee meeting to get the ball rolling.
“We need more affordable housing, and this is likely the most direct and quick ways to develop affordable housing – that being to allow us to develop it on our (City) property and allow us to do so if we have the opportunity,” he said. “We also understand at this time we’re proposing to do something new.”