Programs

  • The Lofts at Spencers Corner

    During the fiscal year ended June 30, 2022, HOPE Partnerships notable efforts included the successful startup of a 17 unit affordable housing project in the Town of Essex, known as The Lofts at Spencers Corner, at a total cost of $5,900,000 funded primarily with a grant from the State of Connecticut. A three story, commercial condo complex in the village of Centerbrook, Spencers Corner had many vacancies which provided an opportunity for HOPE to work with unit owners. Construction began during 2020 to renovate 12 existing condo units into 17 units for housing and includes 1, 2, and 3 bedroom units on the second and third floors with the majority of the rents set as affordable based on HUD's sliding scale. HOPE Partnership completed the acquisition of The Ferry Crossing Development in Old Saybrook CT. This development was purchased from The Women's Institute, Our previous partner. HOPE purchased their 60% interest and is now a 100% owner of the 34 unit Affordable Housing Development. This development is 100% occupied. HOPE's efforts included advocating for affordable housing in the communities they serve as a way to educate the public on the need with presentations to community, business and religious organizations. HOPE has met with elected officials including Senator Murphy's office and Selectmen in Essex, Deep River, Old Lyme, Old Saybrook, Chester, Madison and Clinton; increasing the awareness of the need for affordable housing and the benefits it provides to communities. A project in the town of Madison was in the final stages of acquisition as of June 30, 2022. this will be a 17 unit Affordable Housing Project.
    Geographies
    Not indicated
    Dates
    Jul 1, 2021 – Jun 30, 2022
    Source
    990
    No causes provided
    No populations provided
    –
    $702.9K

  • Program 1 [2025]

    IN ADDITION TO MAINTAINING AFFORDABLE HOUSING FOR 33 LOW-TO-MODERATE INCOME HOUSEHOLDS IN ESSEX AND OLD SAYBROOK, HOPE WORKED WITH OUR CO-DEVELOPERS ON 27 NEW UNITS OF HOUSING, 24 OF WHICH ARE AFFORDABLE, FOR A TOTAL OF 31 UNITS AT THIS CO-OWNED SITE. HOPE ALSO WORKED ON PRE-DEVELOPMENT, WITH A CO-DEVELOPER, TO REDEVELOP A HISTORIC SCHOOL IN CLINTON, THE PIERSON SCHOOL, INTO 50 SENIOR-PREFERENCE AFFORDABLE HOUSING UNITS. HOPE'S EFFORTS INCLUDED ADVOCATING FOR AFFORDABLE HOUSING IN THE COMMUNITIES THEY SERVE AS A WAY TO EDUCATE THE PUBLIC ON THE NEED WITH PRESENTATIONS TO COMMUNITY, BUSINESS, AND RELIGOUS ORGANIZATIONS. HOPE HAS MET WITH OR PRESENTED TO SEVERAL ELECTED OFFICIALS AND BOARDS/COMMITTEES IN OUR REGION.
    Geographies
    Not indicated
    Dates
    Jul 1, 2024 – Jun 30, 2025
    Source
    990
    No causes provided
    No populations provided
    –
    $685.5K