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Liz Torres, executive director of Bridgeport Neighborhood Trust, says the Gateway at 570 is near and dear to her heart. This milestone project combines apartments with ground floor offices and community meeting space in her organization’s first large mixed-use development. The building looks commercial, fitting in well at the western entrance to Bridgeport’s downtown. It helps create a ripple eff ect, building on efforts to revitalize Bridgeport and enhance the livability of downtown.
Locating their offices in the building saves money for Bridgeport Neighborhood Trust and also puts them into the thick of things, supporting their mission of building community. Their conference room is available free to anybody doing good work in the city and hosts a wide array of groups – parent training sessions, housing coalition meetings, neighborhood association planning retreats, and time for community partners like police, youth organizations and social workers to get to know each other.
View this success story in a printable PDF format.
When and where: Gateway at 570 is located at 570 State Street in Bridgeport, Connecticut and was developed by Bridgeport Neighborhood Trust (BNT) in 2014.
What: The building contains 30 apartments, with rents from 30% of the area median income (AMI) up to full market rate. Some units are reserved for people coming out of homelessness. It has a lounge area for residents, BNT offi ces on the fi rst fl oor, and a conference room for use by community groups.
Why and how: LISC provides ongoing technical assistance and operating support to BNT, and also helped BNT signifi cantly when the project was under development. The Fairfield County Funders’ Collaborative, which LISC manages, provided operating funds to BNT. LISC made HUD Section IV grants that enabled BNT to build its capacity by implementing an in-house property management function and hiring staff . This will help BNT implement its long term strategy of creating larger rental developments in targeted areas of the city.
Who: Funders for this development were the State Interagency Committee for Supportive Housing, City of Bridgeport, Corporation for Supportive Housing, Community Capital Fund and Wells Fargo.
Thanks to the funders who support LISC’s work in Connecticut:
Bank of America
Bluenose Fund at FCCF
Connecticut Department of Economic and Community Development
Connecticut Housing Finance Authority (CHFA)
Citi Foundation Citizens Bank
Fairfield County’s Community Foundation
First Niagara Bank
The Goodnow Fund
Near & Far Aid Association
Ostuw/Leather Family Fund at FCCF
People’s United Community Foundation
Suhler Family Fund at FCCF
TD Charitable Foundation
The United Illuminating Company
United Way of Western Connecticut
U.S. Department of Housing & Urban Development (HUD)
Weisman Fund at FCCF