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The Redevelopment Authority unanimously approved up to $600,000 in loans to support four Habitat for Humanity housing units: two single-family homes on Caldwell Street and a duplex on Madison Street. The funds are restricted to those projects, and total outstanding loans to Habitat may not exceed $800,000.
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The approved funding will help build new affordable housing at 128 and 134 Caldwell Street and 909 Madison Street. The Madison Street duplex must meet applicable zoning and building requirements before permits are issued. The Authority also rescinded a previously offered $720,000 loan for the Meadow Lane development because that project is no longer moving forward.
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