May 2, 2019
New London County, CT
Partner: The Connection Fund, Inc.
Equity Investment: $3,101,196
Total Development Cost: $7,702,373
Saint Mary Place, located in New London County, CT, will consist of a renovated historic elementary school into 20 units for families on approximately 2.87 acres of land. The project site includes Catholic Charities, the Saint Mary Star of the Sea Church and Rectory and the Covenant Shelter. The adaptive reuse of Saint Mary Place will create 20 LIHTC units at 25%-60% AMI and construction will include preserving the exterior structure with minor modifications to the entrances.