Affordable Real Estate Development
AFFORDABLE REAL ESTATE DEVELOPMENT
NHS creates affordable housing through ground-up new construction or by rehabilitating historic homes. These houses are then sold to first-time homebuyers at a fraction of the cost of developing them. First-time buyers, especially low-income families striving to achieve homeownership, are one of the client populations that we serve. These are typically two-family houses, designed to help generate income. Homebuyers are poised to thrive in this environment after completing our free and required homebuyer education courses. Assisting in establishing generational wealth is just one step in our work towards neighborhood revitalization.
OUR IMPACT ON NEW HAVEN
Since 1979
297
Affordable properties sold
12,000
Graduates from HOC counseling programs
600
Received home energy counseling
RECENT AND CURRENT PROJECTS
Our most recent venture was the new construction of four houses on previously vacant lots in the Newhallville neighborhood. These new homes are near other projects that NHS has completed in recent years and serves to bring new homeowners into this neighborhood.
44 Lilac Street
98-102 Bassett Street
83-85 Butler Street
260 West Hazel Street
We are working on the complete rehabilitation of 27 Frank Street and 470 Howard Avenue, both in the Hill neighborhood. 27 Frank Street will remain a single-family house and 470 Howard Avenue will involve the conversion of a former rooming house into an owner- occupied three-family house. As 470 Howard Avenue is a historic building, great care will be taken to retain as many of the architecturally significant features of this wonderful old house as possible.
27 Frank Street
470 Howard Avenue
An exciting collaboration between the Yale Urban Design Workshop and NHS is underway on Hazel Street in Newhallville. With the assistance of the State Department of Housing and the Livable City Initiative, we will be constructing four two-family townhouses on Hazel Street between Newhall Street and Shelton Avenue. The innovative design created by the faculty and students at the Yale School of Architecture will create eight units of affordable housing: four homeowner units and four rental units.