PUTNAM STREET REVITALIZATION PROJECT GROUNDBREAKING TO COMPLEMENT HISTORIC HOME REHABILITATION
Project will create a total of 14 new housing units over a two-block area
NEW HAVEN- The City of New Haven’s Livable City Initiative kicked off the new construction phase of the Putnam Street Revitalization Project at a groundbreaking today. The Putnam Street Revitalization project is a combination of historic rehabilitation and new construction on Putnam Street, between DeWitt Street and Cedar Street, in the Hill neighborhood. The Project includes the historical rehabilitation of three blighted structures—that had been vacant for years— and the new construction of four two-family homes, all of which will available for sale to homeowners. Additionally, the project includes rehabilitation of eight rental units (owned by Hill Housing Partnership) also located on Putnam Street. In all, this project will create a total of 22 new and rehabilitated housing units over a two-block area.
The construction of the four new two-family homes is anticipated to be completed in April 2014. The new homes will be 3,200 square feet and will be very similar in style to the other historic homes in the area in order to fit into the Trowbridge Square Historic District. Three of the newly constructed homes will contain a first floor rental unit with the second and third floors as a second unit. The largest newly constructed home will be a replica of the renovation that the City is completing at 181 Putnam Street.
The Putnam Street Revitalization is the culmination of a tremendous effort to bring the street back to its original housing stock for working families. The historic rehabilitation has commenced and will be completed by August 2013. All structures—both the historic rehabs and the new constriction – will be restricted to homeowner occupancy and sold to individuals with an income of 120% Area Median Income, which for a household of four is $97,080.
The Revitalization includes gap funding in the amount of $422,000 for the rehabilitation costs of the Hill Housing Partnership structures located at 518 Howard Avenue, 520 Howard Avenue, 522 Howard Avenue, 524 Howard Avenue, 526 Howard Avenue and 208 Putnam Street being completed by NeighborWorks. The structures service a mixed income community and this funding is earmarked for the 50% area median income rental units and under.
The revitalization project is being funded through the Neighborhood Stabilization Program III provided by the United States Housing and Urban Development through the HUD Dodd-Frank Financial Reform Act (DFFRA) administered by the State of Connecticut Department of Economic and Community Development. The State of Connecticut allocated $1.6M to the City of New Haven for the purposes of acquisition, redevelopment, rehabilitation and demolition of foreclosed and/or blighted structures. The City of New Haven leveraged the $1.6M NSPIII funding and added an additional $1.6M of its own funding.
“This is a great achievement for the neighborhood and for our residents,” said Mayor John DeStefano, Jr. “There is a strong demand for housing in New Haven and the City is committed to meeting that demand and to providing more housing opportunities for working families.”
“This project reflects our commitment to build housing across our city that services all income levels” said Economic Development Administrator, Kelly Murphy.
"For the Putnam Street Revitalization project, as with its other NSP 3 projects, the City of New Haven brought to the table a great recipe for success: a vision for permanent transformational impact, a staff ready, willing and able to execute, and a major commitment of its own funds,” said Nick Lundgren, Director of Housing for the State of Connecticut’s Department of Economic and Community Development.” He noted, “There is so much that the City has demonstrated here that we can -- and should -- emulate across the State."
Gary Reisine, Community Planning and Development Director at HUD said, "We commend the City for this historically sensitive revitalization of abandoned buildings and vacant lots. In addition to affordable homeownership and rental opportunities, the entire neighborhood benefits by this inspired use of Federal resources.