MHC Owner wants to Include Affordable Housing in Retirement Community

LedyardPatch reports from Ledyard, Connecticut the residents of 55 plus community MHC Stonegate Village are opposing a plan by the owners to develop an undeveloped 22 site area for residents of all ages, including seven units as affordable to comply with HUD requirements. Owner Third Garden Park, LP of Stamford, CT is asking the Ledyard Zoning Commission for permission to change the rules. Current residents do not want to sacrifice their peace and quiet and community of peers, and also fear property values will diminish because the new units will not be made of the same materials. MHProNews has learned Third Garden says the aesthetic criteria will be expensive to reproduce, especially because 30 percent of the development will be designated to sell at specific price points below market value. Stay tuned.

(Image credit: Lighthouse Maps)

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top