Stamford’s historic Oak Park is on the brink of a significant transformation. What started as temporary housing for WWII veterans in 1948 is now set to be demolished and replaced with modern, affordable apartments. This ambitious project aims to provide high-quality housing options while addressing long-standing infrastructure challenges. If you’re interested in the future of affordable housing in Stamford or curious about the redevelopment process, keep reading.
What’s Happening at Oak Park?
The Oak Park redevelopment project is a major initiative spearheaded by Charter Oak Communities, Stamford’s local housing authority. The first phase, costing over $40 million, will see the construction of 61 new apartments in eight new buildings. Demolition of the existing 27 buildings is set to start in early September 2024, with the new units expected to be ready by the end of 2025.
Key Details of the Redevelopment Plan
- Total Units: 108 units in three phases
- Phase 1: 61 new units across eight buildings
- Cost: Just over $40 million
- Completion: By end of 2025
Affordable Housing Focus
Oak Park will continue its legacy of providing affordable housing, but with updated standards. Here’s what you need to know:
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Income Levels:
- 19 of the new units will be for those earning 25% or less of Stamford’s area median income (AMI).
- The remaining units will cater to those earning 50% and 60% of AMI.
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Rent Caps: Existing residents will see their rents capped, ensuring no one is moved into a different income category due to the redevelopment.
New Infrastructure and Facilities
Alongside the residential buildings, the project includes significant upgrades:
- Community Spaces: A four-story building will house the management and resident services office, a community space, and 26 additional units.
- Drainage Upgrades: New drainage infrastructure will address severe flooding issues exacerbated by climate change, ensuring none of the new buildings are in flood-prone areas.
Resident Relocation and Support
Residents will not be displaced during the construction. Here’s how Charter Oak Communities plans to manage the transition:
- Temporary Relocation: Those living in units under construction will be moved to other vacant units within the complex.
- Ongoing Support: Charter Oak has committed to maintaining affordable rents and ensuring a smooth transition for current residents.
Funding and Financial Support
The Oak Park redevelopment is backed by a mix of public and private funding:
- State Funds: $4 million from the Connecticut Department of Housing
- Private Investment: $17 million through low-income housing tax credits from the Connecticut Housing Finance Authority
- Additional Funding: Charter Oak initially requested $300,000 for repairs before opting for a more comprehensive redesign.
Historical Context and Future Vision
The buildings at Oak Park have long surpassed their expected lifespan. Built as temporary housing after WWII, they’ve provided vital accommodation for generations. However, the need for significant repairs and modernisation led to this new redevelopment project.
Why This Matters
This redevelopment project is crucial for several reasons:
- Quality Housing: Offers modern, spacious apartments that meet current standards.
- Community Impact: Improves infrastructure and creates a more resilient living environment.
- Historical Preservation: Balances the need for new development with respect for Oak Park’s legacy.
Conclusion
Stamford’s Oak Park redevelopment is a transformative project that will bring much-needed improvements to affordable housing in the area. With careful planning and a commitment to supporting current residents, Charter Oak Communities is setting a new standard for housing projects in Connecticut. As we approach the demolition phase and look forward to the new buildings, it’s clear that this project will have a lasting impact on Stamford’s East Side.
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