Project Characteristics
- 12 one-bedroom units of new construction at Ballard Green
- Substantial rehabilitation of 120 existing units
at both the Ballard Green and Prospect Ridge campuses
- 132 total units at project completion
- All units in this initiative are for low- to moderate-income persons and families.
Ridgefield Housing Authority
Modernization Initiative
Prospect Ridge and Ballard Green Campuses
Ridgefield, CT
Project Funding Sources
- $3.9 million - DECD Financing
- $7.8 million - CHFA Low Income Housing Tax Credits (Boston Capital - Syndicator)
- $860k - Fairfield County Bank Mortgage
- $400k - Federal Home Loan Bank AHP Funds
- $500k - 2008 HTCC tax credits / CL&P
- $500k - 2009 HTCC tax credits / CL&P
Development Team
- REDI - Development Consultant
- Henry Schadler Associates - Farmington, CT
- Ridgefield Housing Authority
- Naek Construction Company
- Wiggin and Dana, LLP
Ballard Green (Elderly) New Construction
Ballard Green (Elderly) Renovated Units
Congregate Housing - Renovated
Congregate Renovation -Entrance Hallway
