Yale Street Commons
A 44-unit townhouse-style development, Yale Street Commons has become one of the building blocks in the Lindencroft Historic District in Bridgeport’s West End. The two- and three-story units boast garages, wall-to-wall carpeting, washer/dryer hookups, walk-in closets, as well as access to a recreation room and a community garden.
Funding for the development included: $4.8 million People’s Bank construction loan; $1,505,000 CHFA mortgage; $500,000 HOME funding through the City of Bridgeport; $275,000 from the Federal Home Loan Bank; $380,000 from the Melville Charitable Trust and Neighborhood Reinvestment Corp.; and a private placement of Low-Income Housing Tax-Credits with Edison Capital.