GNHCLF provided a $310,000 loan to acquire vacant property and build a 2,100 square-foot two-family dwelling with a free standing 2-car garage on Kossuth Street in New Haven in a unique project. The project brought together noted developer Common Ground Community Housing Development Fund Company, the Yale School of Architecture and the Veterans' Administration Office in West Haven, Connecticut. The project was to build an affordable home, with rental income, for a female, disabled veteran and her family.
The house was designed as part of a Yale School of Architecture competition, with teams of undergraduate students submitting designs that were adjudicated by faculty and guest architects. The winning design incorporated great use of natural light, an easy, open floor plan and good construction. The house was built during the summer and fall of 2007 by teams of architecture students, working with professional construction tradesmen.
A portion of the $310,000 loan was from the Loan Fund's RGFP Program awarded by the State's Housing Trust Fund. This funding will remain in the project as equity contribution, substantially lowering the cost to the homeowner. And, as with many Common Ground projects, using cost effective design strategies, incentives and rebates for energy efficiency, they were able to construct a home that is a sustainable and healthy place to live.
Common Ground was a responsible, effective and conscientious developer in this project and the Greater New Haven Community Loan Fund was happy to support this new initiative in the Greater New Haven area to develop housing with the growing needs of our female veterans in mind.