Connecticut Awards Tax Credits for Dakota’s Suffield Project

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.