Stamford Developers Plan $7.8M Affordable Housing Project

0:00It's April 29th. I'm Cory with the story. This is Hartford News Today, driven by AI. Developers in Stanford are set to drop $7 million, $860,000 on a city-owned lot at 41 Main Street to build. 55 affordable apartments. The team behind Main Street housing partners, a combo of J. H.M. Development Group and Viking construction, wants to put up a $47,8. Hundreds square foot building, right downtown. This all kicked off back in December 2024, when the city put out a call for proposals on the spot, a little under four tenths of an acre. They used to house a shuttered Midas Auto Shop. The plan breaks down to 32 one-bedroom units, 15 two-bedrooms and 8 three-bedrooms, and straight-of- folks needing cheaper rents. Locals and city leaders have been pushing hard for more affordable spots, amid rising costs downtown, and this fits right into that vibe, turning in Anne, Isoar, and to real housing that could ease the squeeze for working families. Just this week, the planning board greenlit the purchase agreement,

1:03but it's not a done deal yet. Still needs thumbs up from the Zoni Commission and building department before cash changes hands. The lands are praised at $2 million, $90,000, and assessed at $1 million, $460,000. Keep an eye on this one, as Stanford keeps building out its affordable future, one block at a time.