NEW HAVEN - The United Illuminating Co. will partner with the city of New Haven, the Housing Authority of New Haven (HANH), the Jonathan Rose Cos., Habitat for Humanity, Fannie Mae and several New Haven lenders to build an energy efficient residential community in the city. All groups will contribute to of New Haven.
Known as Eaton Row, the 27 new single-family, three- and four-bedroom homes will sit on a five-acre site in the Dixwell neighborhood. The project represents the final phase of the HANH-sponsored Elm Haven HOPE VI Revitalization Program. Groundbreaking took place June 28 with Mayor John DeStefano Jr., U.S. Rep. Rosa DeLauro (D-3), Jonathan Rose and UI's Patrick McDonnell participating.
"Estimates indicate that the energy efficient strategies used in the construction of these homes will save their owners $800 a year, which is critical in today's economy," said DeLauro. "Though they cannot solve our nation's energy problems, more innovative projects like these can help start a real dialogue about energy use and conservation in this country. The transformation of this community is testament to what we can accomplish together."
The developer and architect worked with UI's Energy Star Homes team to research and maximize energy efficiency measures that would reduce long-term housing costs and create healthy environments for the new homeowners. All homes will be equipped with Energy Star appliances and will exceed the federal Environmental Protection Agency's standards for homes.
To assist the first-time buyers, Fannie Mae will offer its Energy Efficient Mortgage (EEM) through a number of local lenders. This allows homebuyers to spend more on non-energy-related housing expenses they will save on energy costs. The EEM can also allow a family to purchase more home for their money as a result of the energy savings.
"New Haven invests in projects like Eaton Row because we know that our neighborhoods are the heart of our city," said DeStefano. "This project will allow more New Haven residents to become homeowners. Efficient and affordable neighborhoods like these are the key to building a vibrant, sustainable community."
Public and private financing sources will participate in financing the Eaton Row development, including Citizens Bank, HANH, the city, Livable City Initiatives and Empower New Haven. Additional partners include Fannie Mae, the Homeownership Center of New Haven, the Haven Group, the state's Department of Economic & Community Development and the federal Department of Housing & Urban Development (HUD).