The Meadows at Prospect Ridge – Ridgefield Connecticut

The Meadows at Prospect Ridge – Ridgefield Connecticut

The Meadows at Prospect Ridge – Ridgefield Connecticut

The affordable housing project is located at 51 Prospect Ridge Road, in Ridgefield Connecticut which is within easy walking distance to the center of town and its workplaces, stores, schools and places of worship. This project adds four new buildings to the existing housing site, which will contain 20 new affordable units including eight, three-bedroom apartments and 12, two-bedroom apartments.

The REDI project Meadows features 20 two and three bedroom family units within four buildings situated within a beautifully tree-lined setting. Completed in January 2008, the buildings feature green-building elements that limit energy consumption, and reduce operating costs.

Project Characteristics:
– New construction of four 5-unit apartment buildings
– Creation of 20 new units of quality affordable rental housing
– Units will be rented to low- to moderate-income persons or families
– All units are one to three bedrooms


Project Funding Sources:
– $1.7M Fairfield County Bank Mortgage
– $1M DECD HOME Financing
– $400K Federal Home Loan Bank AHP Funds
– $500K CHFA HTCC State Housing Tax Credits
– $120K DECD Gap Financing


Development Team:
– REDI – Development Consultant
– DCA Architects – Ridgefield, CT
– LaRosa Building Group – Meriden, CT
– Ridgefield Housing Authority


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