Development of healthy, safe rental options is a vital catalyst in the creation of a livable neighborhood. SINA has developed and owns two rental projects, Cityscape Apartments and 42 Vernon Street, both in the Frog Hollow neighborhood. Both were upgraded recently with safety improvements thanks to a grant from Eversource Energy. These 83 apartments are allocated to people earning less than 80% of the area median income.
Cityscape Apartments has 74 units in 12 buildings that were previously vacant and abandoned. Eight of those buildings are historic structures that were rehabilitated to conform to the U.S Secretary of the Interior’s Design Guidelines. The project was financed by CHFA and by selling low-income and historic tax credits, with 62 units reserved for people whose incomes are below 50% of the median area income. Another 12 units are targeted to those with incomes between 51% and 80% of median area income.
The 42 Vernon Street building has nine apartments, all of which are for people whose incomes are less than 50% of the area median income. Adjacent to the Learning Corridor, the project was financed by the State of Connecticut Department of Housing and Economic Development (DECD).