Connecticut Awards Tax Credits for Dakota’s Suffield Project
The Connecticut Department of Housing recently awarded us tax credits for our Suffield, CT project. Part of a multi-phase project that will eventually deliver 96 apartments and 75 townhouses on a 30 acre parcel adjacent to the Stony Brook River, the initial phase calls for the construction of three garden-style buildings each housing 12 units. The 36 apartments, consisting of both one and two bedroom units, will be reserved for households earning from 25 % to 60% of the area median income. The DOH will provide up to $5 million in funding to Dakota, under the state’s Competitive Housing Assistance for Multifamily Properties (CHAMP) program.