National Equity Fund

340+ Dixwell

New Haven, CT

Jobs Created: 20
Jobs Year One: 84

55 LIHTC Units; New Construction; 29% subsidized (Sec. 8 HCV Project Based); 14 market rate units; commercial spaces will be underwritten at rents affordable to local businesses / nonprofits/ mass timber

Project Details:

Population Served:
Total Units:
Mix of Residences:
2 Bedroom (33),1 Bedroom (26),3 Bedroom (10),Efficiency (1)
Net Equity:
Credit Type:
Other Credits:
Total Project Costs:
H.E.L.P. Development Corp.
Property Manager:
Arco Management Corporation,HELP Property Management Company
Schadler Selnau Associates, PC
General Contractor:
LaRosa Building Group, LLC

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Georgiaville Village Green

Georgiaville Village Green

Smithfield, RI

Georgiaville Village Green is one of the first affordable housing developments for families in Smithfield, Rhode Island. Once home to the Narragansett Gray Iron Foundry, Gemini Housing Corporation remediated and replaced a brownfield site with a 42-unit complex. This townhome community mirrors the architecture of historic Georgiaville Village while maintaining a cohesive design that is surrounded by greenery built to street edge. Units are available for single-family residents earning between 30-60 percent of the Area Median Income (AMI).  

The new homes at Georgiaville Village Green offer 3 one-bedrooms, 22 two-bedrooms, and 18 three-bedrooms. Five homes are reserved for very low-income households earning no more than 30 percent AMI through the Section 811 program, which offers supportive services to those residents with disabilities. The Smithfield area holds a range of shopping centers, medical centers, restaurants, and other amenities. 

This building’s “green” features include storm water runoff management, 46-kW solar photovoltaic systems, and the construction led to efforts to clean the contaminated lagoons and rehabilitate nearby riverbanks.  

Georgiaville Village Green was a 2020 AHF Readers’ Choice Awards Finalist in the Family category. Funding from the Local Initiatives Support Corporation (LISC) and Community Development Block Grant (CDBG) program made the remediation and land purchase possible. Sponsored by Gemini Housing Corporation and housing authority affiliate, Coventry Housing Associates, NEF contributed an investment of about $8.1 million in LIHTC equity.  

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