![]() Most recently, the company renovated two schools in Massachusetts with similar importance and was awarded the 2022 Affordable Housing Finance Magazine Reader’s Choice Award for their work.Ĭharlie Adams, Vice President of Pennrose Development, sees history as a key aspect of the refurbishment process. Pennrose has a record of transforming historic schools into affordable housing. ![]() It has since undergone four major renovations but ultimately remained an educational institution until 2010. Additional funding sources include historic tax credits and private financing, according to Cheung.īuilt in 1908, the former Strong School building held the first centralized public school in New Haven, according to Ward 14 alder Sarah Miller ’03, who represents Fair Haven. The estimated total cost of the project is $25 million, which will be funded in part through the Low Income Housing Tax Credits program, a federal subsidy managed by the state that allows developers to sell federal tax credits to private investors. According to the press release, all but 10 of these units will be “deeply affordable,” and targeted towards those making between 30 and 60 percent of the area’s median income. “And if you’re not, then it might not be the place for you.”įor all 58 new units, rents will be set at prices that are affordable for households making between 30 and 80 percent of the area’s median income. “When we say it’s LGBTQ friendly, we’re saying that everyone who lives here should be friendly,” said Karmen Cheung ’13, Pennrose developer and Strong School project manager. Pennrose aims to ensure accessibility in the space through collaboration with the New Haven Pride Center, which provides educational and social support to members of the LGBTQ+ community. Strong School into 58 multifamily housing units and a community arts and culture space. Pennrose, a development firm known for LGBTQ-friendly and affordable housing, will transform the former Horace H. “The project’s added focus on creating community arts spaces will also help highlight the artistic contributions of residents and the cultural vibrancy that truly defines Fair Haven.” ![]() “T he City of New Haven is excited to begin this redevelopment and renovation project with Pennrose to deliver more affordable housing to the Fair Haven community,” said Mayor Justin Elicker in a press release. 2, the city revealed their developer selection, which followed the recommendation of a committee composed of community members and representatives from New Haven’s city planning, economic development and housing divisions. The site will be converted into 58 affordable housing units and a multi-purpose arts space. Strong School in Fair Haven after 12 years of closure. The City of New Haven has chosen Pennrose to redevelop the Horace H.
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