Affordable Housing, Announcements, Community Development

Sharon Breaks Ground on Incentive Housing Zone Project

 

Thursday, June 27, 2013 was a milestone for the Incentive Housing Zone Program (IHZ)  as the Sharon Housing Authority in Sharon, CT broke ground on a project in the state’s first IHZ. The new development will add three buildings with four apartments in each building to the Sharon Ridge site.


The twelve new apartments will be made up of 8 one-bedroom apartments and 4 two-bedroom apartments. Under IHZ requirements, 20% of the new units built will be affordable to households earning up to 80% of the area median income.

The Sharon Housing Authority is partnering with the Women’s Institute for Housing and Economic Development (WIHED)on the extension of the Sharon Ridge site. For more information about the project, contact WIHED at 800-720-1195 or info@wihed.org

 
 

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