New Affordable Housing Complex Dedicated

Exterior view of Liberty Commons, Waterbury, CT

Liberty Commons, a newly developed affordable housing complex in Waterbury, was dedicated on May 1, 2015. Loyola Development Corporation, a nonprofit organization, acquired tax liens on four nearly contiguous blighted parcels of land on South Main and East Liberty Streets from the city of Waterbury for $1 each and developed the property.

The property is an anchor for the revitalization of Waterbury's South End neighborhood. The new complex consists of two buildings with a total of 33 apartments consisting of 15 two-bedroom and 18 three-bedroom rental units. The complex includes kitchens with energy efficient appliances, security system access and foot patrol, round-the-clock maintenance service, off-street parking, community space, playground onsite, management offices and ground floor commercial space.

The units will be marketed to those earning at or below 50% of HUD's adjusted median income limits. Liberty Commons secured twenty-two Section 8 Project Based Vouchers from the Housing Authority of the City of Waterbury to insure affordability for the lowest income residents.