Are you in the process of developing new market rate or affordable rental properties? Receive support you need when you work with The Millennium Group. Our professionals have provided services for countless properties throughout the state. Please view our Current Projects as highlighted below.
Sayebrook Village South
(Old Sayebrook, 15 units) – Millennium serving as both consultant and Construction Manager as advisor to owner secured soft funding from DOH, Federal Home Loan Bank and private financing through Essex Savings Bank for the third expansion (phase III) of the Sayebrook Village campus bring the total count to 65 units. The total development costs are $4.1M. Closing and construction commenced February 2017 and will be complete by October 2017..
Fairfield Ridge Apartments
(Danbury, 58 units) - Millennium serves as the development consultant to the Danbury Housing Authority to provide guidance on redevelopment efforts of their State and Federal housing portfolio. Fairfield Ridge project is the rehabilitation of 58 duplex style apartments in the State Moderate Rental program. Millennium secured funding for the $11.M project, including $3.2M in Equity from the sale of LIHTCs, $2.5M in SSHP grant, $2.6m CHFA mortgage and $2.2M in other soft loans. Millennium acted as development consultant, construction manager and property manager for the development.
Pine Tree Apartments
(Fairfield, 50 units) - Millennium has been contracted by the Fairfield Housing Authority to create a comprehensive housing affordability strategy for an existing 38 unit affordable elderly development currently operating under the State Housing Program. The redevelopment plan utilized a zoning text amendment to increase the density on the site from 38 to 50 units. Millennium secured funding for the $18.M project, including $5.8M in Equity from the sale of LIHTCs, $9.1M in soft loans and $2.8M CHFA mortgage. Millennium acted as development consultant and property manager for the development.
Contact our developers to learn more about our current projects. We work on countless jobs, including the Sasco Creek Apartments, The Glen Apartments, and other sites throughout New Britain, Connecticut, and statewide.