State Senator Alex Kasser (D-Greenwich) announced that on Friday nearly $3 million in funding from the State was allocated to Greenwich for the complete renovation of buildings 2, 4 and 5 at Armstrong Court.
Earlier this year, Senator Kasser joined other town leaders to unveil 18 new townhomes built at Armstrong Court, all with funding from the state. When the projects are completed, the State of Connecticut will have invested over $40 million in this project.
On Friday, the State Bond Commission approved a $2,983,300 zero-percent, 40-year loan to the Armstrong Court Phase III Limited Partnership to continue developing affordable housing and help cover the cost of its $21 million renovation project.
“Every town and city in Connecticut needs updated, affordable and safe housing options so that people who work in or near those communities can also afford to live there. I applaud the Greenwich Housing Authority for their work rebuilding and renovating Armstrong Court to provide more housing opportunities in Greenwich,” Kasser said in a release. “The State of Connecticut has invested millions into these projects, and this new state loan will have a substantial and positive impact on peoples’ lives. It’s a great investment in Greenwich and our growing community.”
Armstrong Court recently added 18 new townhouses, and now work will begin on some of facility’s other six buildings, which contain a total of 144 units. All of the buildings will be completely renovated, with the goal of creating more three-bedroom units.